Is West Lawn, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, West Lawn has remained a Seller's Market.
Housing Prices in West Lawn, IL
How much do homes in West Lawn, IL cost?
Median Sold Price
$267,500
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Lawn was $267,500 in April 2024, up 0.9% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $36K | $39.5K | +9.7% |
2 Bedrooms | $134K | $162.5K | +21.3% |
3 Bedrooms | $270K | $289.9K | +7.4% |
4 Bedrooms | $300K | $310K | +3.3% |
5+ Bedrooms | $320K | $432.5K | +35.2% |
Summary: West Lawn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 35.2%.
Median Sold Price Compared To Nearby Neighborhoods
Ford City | $234.9K | $260K | +10.7% |
Ashburn | $250.5K | $260K | +3.8% |
Chicago Lawn | $250K | $258K | +3.2% |
West Lawn | $265K | $267.5K | +0.9% |
Housing Supply in West Lawn, IL
How many homes are available in West Lawn, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 29 | +31.8% |
Summary: The West Lawn real estate market had 29 homes for sale in April 2024, a 31.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 7 | 10 | +42.9% |
4 Bedrooms | 4 | 8 | +100.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The West Lawn housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in West Lawn in April 2024, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for West Lawn, IL
How long does it take to sell a home in West Lawn, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
68 Days | 28 Days | -58.8% |
Summary: Homes in West Lawn had an average of 28 days on market in Apr 2024, down by 58.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in West Lawn; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.