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

Housing Market Conditions



Gauge showing Westchester is a seller's market


Difference Since March 2023

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.

Housing Prices in Westchester, IL

How much do homes in Westchester, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since March 2023


Key Takeaway

Homes in Westchester have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in Westchester was $325,000 in March 2024, up 2.5% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $208.8K-
2 $283K$290K
3 $332K$333K
4 $382.5K$379.9K
5+ $429.2K$380K

Summary: Westchester housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 11.5%.

Median Sold Price Compared To Nearby Cities

Proviso Township

Housing Supply in Westchester, IL

How many homes are available in Westchester, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE

Summary: The Westchester real estate market had 61 homes for sale in March 2024, a 15.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
2 1523
3 2527
4 87
5+ 43

Summary: The Westchester housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 53.3%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westchester, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Westchester in March 2024, down by 5.6% month-over-month. Of the 17 sold homes, 53% were sold under asking, 6% were sold at asking, and 41% were sold over asking.

Days on Market for Westchester, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
53 Days35 Days-34.0%

Summary: Homes in Westchester had an average of 35 days on market in Mar 2024, down by 34% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 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.

Summary: During March 2024, 17 homes were sold in Westchester; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% 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 12 Days Ago

Newest Listings in Westchester, IL

Nearby Markets to Westchester, IL

What housing markets are near Westchester, IL?