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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Hammond is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, West Hammond has remained a Seller's Market.

Key Takeaway

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

Housing Prices in West Hammond, IL

How much do homes in West Hammond, IL cost?

Median Sold Price

$180,000

$112/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$20,000(+12.5%)

Key Takeaway

Homes in West Hammond have sold for 12.5% more than they did a month ago.

Summary: The median home sold price in West Hammond was $180,000 in April 2024, up 12.5% from last month, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $160K$180K
+12.5%
4 --
N/A
5+ --
N/A

Summary: West Hammond housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 12.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in West Hammond, IL

How many homes are available in West Hammond, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
54-20.0%

Summary: The West Hammond real estate market had 4 homes for sale in April 2024, a 20.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 43
-25.0%
4 11
0.0%
5+ 00
0.0%

Summary: The West Hammond 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Hammond, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in West Hammond in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for West Hammond, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
6 Days94 Days+1466.7%

Summary: Homes in West Hammond had an average of 94 days on market in Apr 2024, up by 1466.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in West Hammond are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 1 homes were sold in West Hammond; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 2 Days Ago

Newest Listings in West Hammond, IL

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