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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Warrenville is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Warrenville, IL

How much do homes in Warrenville, IL cost?

Median Sold Price

$315,500

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$40,000(+14.5%)

Key Takeaway

Homes in Warrenville have sold for 14.5% more than they did a year ago.

Summary: The median home sold price in Warrenville was $315,500 in June 2024, up 14.5% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $185K$185K
0.0%
2 $230.5K$255K
+10.6%
3 $285K$329.7K
+15.7%
4 $420K$435K
+3.6%
5+ $550K$680K
+23.6%

Summary: Warrenville 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 10.6%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 23.6%.

Median Sold Price Compared To Nearby Cities

Naperville Township
+21.3%
Warrenville
+14.5%
West Chicago
+12.7%
Naperville
+11.8%
Winfield Township
+8.4%

Housing Supply in Warrenville, IL

How many homes are available in Warrenville, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
5149-3.9%

Summary: The Warrenville real estate market had 49 homes for sale in June 2024, a 3.9% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 1411
-21.4%
3 2624
-7.7%
4 910
+11.1%
5+ 24
+100.0%

Summary: The Warrenville 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 decreased by 21.4%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

May 2024Jun 2024CHANGE
2017-15.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Warrenville, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Warrenville in June 2024, down by 15.0% month-over-month. Of the 17 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% 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

Jun 2023Jun 2024CHANGE
8 Days10 Days+15.8%

Summary: Homes in Warrenville had an average of 10 days on market in Jun 2024, up by 15.8% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

2 Homes Were 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 June 2024, 17 homes were sold in Warrenville; 88% of homes were sold within 30 days, 12% 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 26 Days Ago

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