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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Highlands is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in West Highlands, IL

How much do homes in West Highlands, IL cost?

Median Sold Price

$467,500

$283/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$44,550(+10.5%)

Key Takeaway

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

Summary: The median home sold price in West Highlands was $467,500 in April 2024, up 10.5% from last year, and the median price per square foot was $283.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $417.5K$451K
+8.0%
4 $515K$555K
+7.8%
5+ $420K$1.1M
+169.6%

Summary: West Highlands 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 did not change, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 169.6%.

Median Sold Price Compared To Nearby Neighborhoods

East Highlands
+86.2%
West Highlands
+10.5%
Hobson West
+6.8%

Housing Supply in West Highlands, IL

How many homes are available in West Highlands, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
65-16.7%

Summary: The West Highlands real estate market had 5 homes for sale in April 2024, a 16.7% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 22
0.0%
5+ 11
0.0%

Summary: The West Highlands 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 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 Highlands, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in West Highlands in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for West Highlands, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
11 Days10 Days-14.3%

Summary: Homes in West Highlands had an average of 10 days on market in Apr 2024, down by 14.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 3 homes were sold in West Highlands; 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.

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

Report Updated 3 Days Ago

Newest Listings in West Highlands, IL

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