Is Westchester, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Westchester has remained a Seller's Market.
Housing Prices in Westchester, IL
How much do homes in Westchester, IL cost?
Median Sold Price
$343,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Westchester was $343,000 in June 2024, up 8.9% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $259K | N/A |
2 Bedrooms | $284K | $305.5K | +7.6% |
3 Bedrooms | $325K | $356K | +9.5% |
4 Bedrooms | $379.9K | $380K | 0.0% |
5+ Bedrooms | $426.7K | $427.5K | 0.2% |
Summary: Westchester housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 9.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
Westchester | $315K | $343K | +8.9% |
Broadview | $245K | $263K | +7.3% |
Proviso Township | $283.2K | $300K | +5.9% |
Hillside | $250K | $258K | +3.2% |
Bellwood | $235K | $235K | 0.0% |
Housing Supply in Westchester, IL
How many homes are available in Westchester, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
67 | 62 | -7.5% |
Summary: The Westchester real estate market had 62 homes for sale in June 2024, a 7.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 24 | 20 | -16.7% |
3 Bedrooms | 31 | 31 | 0.0% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Westchester housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
29 | 13 | -55.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Westchester in June 2024, down by 55.2% month-over-month. Of the 13 sold homes, 15% were sold under asking, 38% were sold at asking, and 46% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
24 Days | 17 Days | -31.7% |
Summary: Homes in Westchester had an average of 17 days on market in Jun 2024, down by 31.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 13 homes were sold in Westchester; 92% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.