Is Wadsworth, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wadsworth is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Wadsworth has remained a Seller's Market.

Key Takeaway

Wadsworth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Wadsworth, IL

How much do homes in Wadsworth, IL cost?

Median Sold Price

$412,500

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$26,500(+6.9%)

Key Takeaway

Homes in Wadsworth have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Wadsworth was $412,500 in June 2024, up 6.9% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $207K$242.4K
+17.1%
3 $350.9K$389.9K
+11.1%
4 $450K$467.5K
+3.9%
5+ $570K$650K
+14.0%

Summary: Wadsworth housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 14%.

Median Sold Price Compared To Nearby Cities

Zion Township
+18.0%
Zion
+18.0%
Newport Township
+14.2%
Wadsworth
+6.9%
Beach Park
0.5%

Housing Supply in Wadsworth, IL

How many homes are available in Wadsworth, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
4039-2.5%

Summary: The Wadsworth real estate market had 39 homes for sale in June 2024, a 2.5% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 1918
-5.3%
4 1213
+8.3%
5+ 42
-50.0%

Summary: The Wadsworth housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

May 2024Jun 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wadsworth, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Wadsworth in June 2024, up by 22.2% month-over-month. Of the 11 sold homes, 9% were sold under asking, 36% were sold at asking, and 55% 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

Jun 2023Jun 2024CHANGE
23 Days6 Days-72.3%

Summary: Homes in Wadsworth had an average of 6 days on market in Jun 2024, down by 72.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wadsworth are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 11 homes were sold in Wadsworth; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

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