Is Wadsworth, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Wadsworth has remained a Seller's Market.
Housing Prices in Wadsworth, IL
How much do homes in Wadsworth, IL cost?
Median Sold Price
$400,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Wadsworth was $400,000 in February 2024, up 5.3% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $262K | $235K | -10.3% |
3 Bedrooms | $360.5K | $335K | -7.1% |
4 Bedrooms | $409.5K | $495K | +20.9% |
5+ Bedrooms | $600.4K | $506.2K | -15.7% |
Summary: Wadsworth housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes decreased by 15.7%.
Median Sold Price Compared To Nearby Cities
Zion Township | $180K | $210K | +16.7% |
Zion | $180K | $210K | +16.7% |
Wadsworth | $380K | $400K | +5.3% |
Beach Park | $237.7K | $249K | +4.7% |
Newport Township | $339.9K | $336.5K | -1.0% |
Housing Supply in Wadsworth, IL
How many homes are available in Wadsworth, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
24 | 27 | +12.5% |
Summary: The Wadsworth real estate market had 27 homes for sale in February 2024, a 12.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Wadsworth housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Wadsworth in February 2024, up by 16.7% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Wadsworth, IL
How long does it take to sell a home in Wadsworth, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
33 Days | 53 Days | +59.6% |
Summary: Homes in Wadsworth had an average of 53 days on market in Feb 2024, up by 59.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 7 homes were sold in Wadsworth; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.