Is West Chesterfield, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Chesterfield is a buyer's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in West Chesterfield, IL

How much do homes in West Chesterfield, IL cost?

Median Sold Price

$150,004

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$25,996(-14.8%)

Key Takeaway

Homes in West Chesterfield have sold for 14.8% less than they did a year ago.

Summary: The median home sold price in West Chesterfield was $150,004 in April 2024, down 14.8% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $117.5K$115K
-2.1%
3 $235.5K$186K
-21.0%
4 $252K$185K
-26.6%
5+ $90K-
N/A

Summary: West Chesterfield 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 2.1%, 3 bedroom homes decreased by 21%, 4 bedroom homes decreased by 26.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Far Southeast Side
+0.8%
Chatham
-4.6%
Roseland
-5.3%
West Chesterfield
-14.8%

Housing Supply in West Chesterfield, IL

How many homes are available in West Chesterfield, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2429+20.8%

Summary: The West Chesterfield real estate market had 29 homes for sale in April 2024, a 20.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 1316
+23.1%
4 44
0.0%
5+ 01
+100.0%

Summary: The West Chesterfield 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 increased by 14.3%, 3 bedroom homes increased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
440.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Chesterfield, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in West Chesterfield in April 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for West Chesterfield, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
18 Days35 Days+93.2%

Summary: Homes in West Chesterfield had an average of 35 days on market in Apr 2024, up by 93.2% 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 West Chesterfield are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 4 homes were sold in West Chesterfield; 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 1 Day Ago

Newest Listings in West Chesterfield, IL

Nearby Markets to West Chesterfield, IL