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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wadsworth is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Wadsworth was a Seller's Market.

Key Takeaway

Wadsworth is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Wadsworth, IL

How much do homes in Wadsworth, IL cost?

Median Sold Price

$402,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$500(-0.1%)

Key Takeaway

The sold price of homes in Wadsworth has remained the same since last year.

Summary: The median home sold price in Wadsworth was $402,000 in September 2024, down 0.1% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $230.5K$239K
+3.7%
3 $367.5K$338.5K
-7.9%
4 $502.5K$465K
-7.5%
5+ $570.4K$697K
+22.2%

Summary: Wadsworth housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.7%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 22.2%.

Median Sold Price Compared To Nearby Cities

Zion Township
+21.4%
Zion
+21.4%
Newport Township
+17.3%
Beach Park
+13.2%
Wadsworth
-0.1%

Housing Supply in Wadsworth, IL

How many homes are available in Wadsworth, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2539+56.0%

Summary: The Wadsworth real estate market had 39 homes for sale in September 2024, a 56.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 44
0.0%
3 917
+88.9%
4 912
+33.3%
5+ 36
+100.0%

Summary: The Wadsworth housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 88.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

4 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. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Wadsworth in September 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% 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

Sep 2023Sep 2024CHANGE
21 Days15 Days-29.6%

Summary: Homes in Wadsworth had an average of 15 days on market in Sep 2024, down by 29.6% compared to last year.

Breakdown of Home Sale Times

5 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 September 2024, 5 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 22 Days Ago

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