Is West Dundee, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, West Dundee has remained a Seller's Market.
Housing Prices in West Dundee, IL
How much do homes in West Dundee, IL cost?
Median Sold Price
$350,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in West Dundee was $350,000 in March 2024, down 5.8% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | - | N/A |
2 Bedrooms | $235K | $277.4K | +18.1% |
3 Bedrooms | $286.5K | $317.5K | +10.8% |
4 Bedrooms | $422.5K | $430K | +1.8% |
5+ Bedrooms | $452.5K | $494.9K | +9.4% |
Summary: West Dundee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
Sleepy Hollow | $412.5K | $450K | +9.1% |
Carpentersville | $231K | $251.4K | +8.9% |
Dundee Township | $252.9K | $275K | +8.7% |
East Dundee | $235K | $255K | +8.5% |
West Dundee | $371.5K | $350K | -5.8% |
Housing Supply in West Dundee, IL
How many homes are available in West Dundee, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 23 | +43.8% |
Summary: The West Dundee real estate market had 23 homes for sale in March 2024, a 43.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 3 | +100.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The West Dundee housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in West Dundee in March 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for West Dundee, IL
How long does it take to sell a home in West Dundee, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 8 Days | -60.9% |
Summary: Homes in West Dundee had an average of 8 days on market in Mar 2024, down by 60.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in West Dundee; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.