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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Warrenville is a buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Warrenville, IL

How much do homes in Warrenville, IL cost?

Median Sold Price

$294,000

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$27,000(+10.1%)

Key Takeaway

Homes in Warrenville have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in Warrenville was $294,000 in February 2024, up 10.1% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $185K-
N/A
2 $228.7K$251.5K
+9.9%
3 $285K$310K
+8.8%
4 $465K$410.7K
-11.7%
5+ $550K$550K
0.0%

Summary: Warrenville 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 increased by 9.9%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Naperville Township
+33.8%
West Chicago
+16.8%
Winfield Township
+11.8%
Warrenville
+10.1%
Naperville
+7.0%

Housing Supply in Warrenville, IL

How many homes are available in Warrenville, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2538+52.0%

Summary: The Warrenville real estate market had 38 homes for sale in February 2024, a 52.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1212
0.0%
3 1021
+110.0%
4 24
+100.0%
5+ 11
0.0%

Summary: The Warrenville 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 increased by 110%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
104-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Warrenville, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Warrenville in February 2024, down by 60.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.

Days on Market for Warrenville, IL

How long does it take to sell a home in Warrenville, IL?

Average Sale Time

Feb 2023Feb 2024CHANGE
25 Days17 Days-29.5%

Summary: Homes in Warrenville had an average of 17 days on market in Feb 2024, down by 29.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 4 homes were sold in Warrenville; 75% of homes were sold within 30 days, 25% 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 28 Days Ago

Newest Listings in Warrenville, IL

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