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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Weathersfield is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Weathersfield, IL

How much do homes in Weathersfield, IL cost?

Median Sold Price

$380,000

$256/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$30,000(+8.6%)

Key Takeaway

Homes in Weathersfield have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in Weathersfield was $380,000 in April 2024, up 8.6% from last year, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $340K$269.9K
-20.6%
3 $335K$360K
+7.5%
4 $375K$415K
+10.7%
5+ $557K$480K
-13.8%

Summary: Weathersfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 13.8%.

Housing Supply in Weathersfield, IL

How many homes are available in Weathersfield, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2827-3.6%

Summary: The Weathersfield real estate market had 27 homes for sale in April 2024, a 3.6% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2119
-9.5%
4 67
+16.7%
5+ 11
0.0%

Summary: The Weathersfield housing inventory by bedroom type for April 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 9.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Weathersfield, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Weathersfield in April 2024, down by 18.2% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.

Days on Market for Weathersfield, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
17 Days17 Days0.4%

Summary: Homes in Weathersfield had an average of 17 days on market in Apr 2024, up by 0.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 9 homes were sold in Weathersfield; 67% of homes were sold within 30 days, 33% 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 8 Days Ago

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