Is West Town, 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 Town has remained a Seller's Market.
Housing Prices in West Town, IL
How much do homes in West Town, IL cost?
Median Sold Price
$625,000
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Town was $625,000 in April 2024, up 13.6% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $290K | -3.3% |
2 Bedrooms | $440K | $455K | +3.4% |
3 Bedrooms | $650K | $702.5K | +8.1% |
4 Bedrooms | $900K | $882.5K | -1.9% |
5+ Bedrooms | $1.0M | $999K | -3.0% |
Summary: West Town housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Neighborhoods
Noble Square | $531K | $627.5K | +18.2% |
West Town | $550K | $625K | +13.6% |
East Village | $605.5K | $619.9K | +2.4% |
Housing Supply in West Town, IL
How many homes are available in West Town, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
192 | 227 | +18.2% |
Summary: The West Town real estate market had 227 homes for sale in April 2024, a 18.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 17 | +30.8% |
2 Bedrooms | 59 | 67 | +13.6% |
3 Bedrooms | 76 | 86 | +13.2% |
4 Bedrooms | 21 | 27 | +28.6% |
5+ Bedrooms | 23 | 30 | +30.4% |
Summary: The West Town housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 30.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 57 | +39.0% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in West Town in April 2024, up by 39.0% month-over-month. Of the 57 sold homes, 51% were sold under asking, 26% were sold at asking, and 23% were sold over asking.
Days on Market for West Town, IL
How long does it take to sell a home in West Town, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 28 Days | +7.5% |
Summary: Homes in West Town had an average of 28 days on market in Apr 2024, up by 7.5% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 57 homes were sold in West Town; 81% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.