Is Westchester, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westchester is a seller's market

Buyer's
Market

Difference Since July 2021

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

Key Takeaway

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

How much do homes in Westchester, IL cost?

Median Sold Price

$305,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$31,000(+11.3%)

Key Takeaway

Homes in Westchester have sold for 11.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 -$208.8K
N/A
2 $240K$280K
+16.7%
3 $286.7K$320K
+11.6%
4 $355K$332.5K
-6.3%
5+ $380K$445K
+17.1%

Median Sold Price Compared To Nearby Cities

Broadview
+12.8%
Westchester
+11.3%
La Grange Park
+10.1%
Proviso Township
+8.4%
Hillside
+4.7%

How many homes are available in Westchester, IL?

Number of Homes For Sale

Jun 2022Jul 2022%
106121+14.2%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 4139
-4.9%
3 5165
+27.5%
4 811
+37.5%
5+ 66
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
3331-6.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westchester, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
21 Days13 Days-38.3%

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

New

3040 Downing Ave, Westchester, IL 60154

3040 Downing Ave, Westchester, IL 60154

$306,000
1,550 SqFt
3 Bedrooms
~$1,450/mo.*1 Full Bath, 1 Partial
Tina Marie Mateja#11491429
Listing Office:
Berkshire Hathaway HomeServices ChicagoMLS logo

New

1238 Balmoral Ave, Westchester, IL 60154

1238 Balmoral Ave, Westchester, IL 60154

$435,000
 
4 Bedrooms
~$2,100/mo.*4 Baths
Marty Dzik#11491145
Listing Office:
RE/MAX ProfessionalsMLS logo

New

2600 Ashley Woods Dr, Westchester, IL 60154

2600 Ashley Woods Dr, Westchester, IL 60154

$379,900
1,950 SqFt
2 Bedrooms
~$1,800/mo.*2 Full Baths, 1 Partial
Lisa Lewandowski#11490989
Listing Office:
Village Realty, Inc.MLS logo

New

2338 Sunnyside Ave, Westchester, IL 60154

2338 Sunnyside Ave, Westchester, IL 60154

$329,900
1,240 SqFt
3 Bedrooms
~$1,600/mo.*2 Full Baths
Christopher Lobrillo#11489569
Listing Office:
Grandview Realty, LLCMLS logo

New

Backup Offers

2601 Mayfair Ave, Westchester, IL 60154

2601 Mayfair Ave, Westchester, IL 60154

$299,900
1,123 SqFt
3 Bedrooms
~$1,450/mo.*2 Full Baths
Magali Miranda#11488243
Listing Office:
I.D.S. Realty, Inc.MLS logo

New

10641 Essex St, Westchester, IL 60154

10641 Essex St, Westchester, IL 60154

$265,000
1,385 SqFt
3 Bedrooms
~$1,250/mo.*2 Full Baths, 1 Partial
Kimberly Wirtz#11487765
Listing Office:
Century 21 AffiliatedMLS logo

New

3049 Ashton Ct, Westchester, IL 60154

3049 Ashton Ct, Westchester, IL 60154

$259,900
971 SqFt
2 Bedrooms
~$1,250/mo.*1 Full Bath
Pearl Glorioso#11487607
Listing Office:
Berkshire Hathaway HomeServices ChicagoMLS logo

New

1636 S Mannheim Rd, Westchester, IL 60154

1636 S Mannheim Rd, Westchester, IL 60154

$450,000
 
8 Bedrooms
~$2,150/mo.*5 Baths
Olga Horechko#11459943
Listing Office:
@properties Christie's International Real EstateMLS logo

New

10260 Milford St, Westchester, IL 60154

10260 Milford St, Westchester, IL 60154

$342,900
1,495 SqFt
3 Bedrooms
~$1,650/mo.*1 Full Bath, 1 Partial
Andrea Routen#11486937
Listing Office:
Coldwell Banker RealtyMLS logo
28W662 Berkshire Rd, West Chicago, IL 60185

28W662 Berkshire Rd, West Chicago, IL 60185

$559,500
3,007 SqFt
3 Bedrooms
~$2,700/mo.*4 Full Baths
Kathy Slovick#11480463
Listing Office:
Coldwell Banker RealtyMLS logo

Backup Offers

10740 Dorchester St, Westchester, IL 60154

10740 Dorchester St, Westchester, IL 60154

$389,000
1,800 SqFt
3 Bedrooms
~$1,850/mo.*2 Full Baths
Maria Bernardi#11485100
Listing Office:
Berkshire Hathaway HomeServices ChicagoMLS logo
20 Princess Ct Unit 2F, Westchester, IL 60154

20 Princess Ct Unit 2F, Westchester, IL 60154

$299,000
1,688 SqFt
2 Bedrooms
~$1,450/mo.*2 Full Baths
Julie White#11484206
Listing Office:
@properties Christie's International Real EstateMLS logo

About Westchester, IL

There are 121 homes are for sale in Westchester, IL real estate market. In July 2022 in Westchester, IL there were 14.2% more homes for sale than in June 2022. The median list price of listings available in July 2022 was $305,000, while the average time on the real estate market was 13 days. Real estate listing prices changed between June 2022 and July 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 16.7%, prices of 3 bedrooms properties increased by 11.6%, prices of 4 bedrooms properties went down by 6.3%, 5 bedrooms properties prices increased by 17.1%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 4.9%, 3 bedrooms homes became 27.5% more available, number of 4 bedrooms homes increased by 37.5%, volume of 5 bedrooms homes stayed the same. Westchester, IL housing market in July 2022 saw over 14 listings sold above listed price, more than 8 sold at listed price and over 9 sold below.

MLS Disclaimers and Copyright

Based on information from Midwest Real Estate Data for the period 08/01/2020 - 08/01/2022

IDX Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/17/2022, 12:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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