Is Western Springs, IL a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Western Springs is a neutral's market


Difference Since July 2021

At the same time last year, Western Springs was a Seller's Market.

Key Takeaway

Western Springs is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Western Springs, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since July 2021


Key Takeaway

Homes in Western Springs have sold for 2.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 -$301K
2 $342K$475K
3 $497K$500K
4 $767.5K$743.5K
5+ $1.1M$1.0M

Median Sold Price Compared To Nearby Cities

Lyons Township
La Grange
Indian Head Park
Western Springs

How many homes are available in Western Springs, IL?

Number of Homes For Sale

Jun 2022Jul 2022%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
2 911
3 2834
4 2725
5+ 2317

Number of Homes Sold

Jun 2022Jul 2022%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Western Springs, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
36 Days13 Days-63.0%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Western Springs 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.

About Western Springs, IL

Western Springs, IL has 87 homes for sale to choose from. The median list price of listings available in July 2022 was $650,000, while the average time on the real estate market was 13 days. Listing prices have changed in this real estate market between June 2022 and July 2022: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 38.9%, prices of 3 bedrooms properties went up by 0.6%, 4 bedrooms properties prices decreased by 3.1%, prices of 5 bedrooms properties went down by 9.3%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory increased by 22.2%, 3 bedrooms homes inventory increased by 21.4%, 4 bedrooms homes inventory decreased by 7.4%, volume of 5 bedrooms homes went down by 26.1%. Western Springs, IL housing market in July 2022 saw over 10 listings sold above listed price, more than 3 sold at listed price and over 1 sold below.

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