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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Pullman is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in West Pullman, IL

How much do homes in West Pullman, IL cost?

Median Sold Price

$151,500

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$4,250(-2.7%)

Key Takeaway

Homes in West Pullman have sold for 2.7% less than they did a year ago.

Summary: The median home sold price in West Pullman was $151,500 in April 2024, down 2.7% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $24.6K-
N/A
2 $139.6K$99.9K
-28.4%
3 $155K$155K
0.0%
4 $176.2K$166K
-5.8%
5+ $183.9K$196.2K
+6.7%

Summary: West Pullman 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 decreased by 28.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 6.7%.

Housing Supply in West Pullman, IL

How many homes are available in West Pullman, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
135145+7.4%

Summary: The West Pullman real estate market had 145 homes for sale in April 2024, a 7.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1215
+25.0%
3 7072
+2.9%
4 2426
+8.3%
5+ 2932
+10.3%

Summary: The West Pullman 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 increased by 25%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 10.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2928-3.4%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Pullman, you may be able to get a good deal. 39.3% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in West Pullman in April 2024, down by 3.4% month-over-month. Of the 28 sold homes, 39% were sold under asking, 32% were sold at asking, and 29% were sold over asking.

Days on Market for West Pullman, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
71 Days40 Days-42.6%

Summary: Homes in West Pullman had an average of 40 days on market in Apr 2024, down by 42.6% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 28 homes were sold in West Pullman; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% 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

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