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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Dundee is a seller's market

Buyer's
Market

Difference Since January 2022

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

Key Takeaway

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

How much do homes in West Dundee, IL cost?

Median Sold Price

$367,500

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$35,000(+10.5%)

Key Takeaway

Homes in West Dundee have sold for 10.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $72K$115K
+59.7%
2 $209K$230.5K
+10.3%
3 $287.2K$299.5K
+4.3%
4 $385K$415K
+7.8%
5+ $390K$410K
+5.1%

Median Sold Price Compared To Nearby Cities

Sleepy Hollow
+14.9%
Carpentersville
+12.7%
West Dundee
+10.5%
East Dundee
+8.0%
Dundee Township
+6.3%

How many homes are available in West Dundee, IL?

Number of Homes For Sale

Dec 2022Jan 2023%
2825-10.7%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 45
+25.0%
3 1210
-16.7%
4 76
-14.3%
5+ 54
-20.0%

Number of Homes Sold

Dec 2022Jan 2023%
87-12.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 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 Dundee, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
13 Days46 Days+243.9%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About West Dundee, IL

West Dundee, IL has 25 homes for sale to choose from. The number of homes for sale in West Dundee, IL decreased by 10.7% between December 2022 and January 2023. In January 2023, listings were on the market for 46 days. During the same period, the median list price in this real estate market was $367,500. Real estate listing prices changed between December 2022 and January 2023: the cost of 1 bedroom properties went up by 59.7%, the cost of 2 bedrooms properties went up by 10.3%, the cost of 3 bedrooms properties went up by 4.3%, 4 bedrooms properties prices increased by 7.8%, the cost of 5 bedrooms properties went up by 5.1%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, 2 bedrooms homes became 25% more available, the quantity of 3 bedrooms homes went down by 16.7%, volume of 4 bedrooms homes went down by 14.3%, 5 bedrooms homes became 20% less available. In January 2023, from all listings sold in West Dundee, IL there were more than 1 sold above asking price, over 4 sold below and more than 2 were sold right at the asked price.

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