Is Westmont, 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, Westmont has remained a Seller's Market.
Housing Prices in Westmont, IL
How much do homes in Westmont, IL cost?
Median Sold Price
$348,944
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Westmont was $348,944 in June 2024, up 2% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112K | $129K | +15.2% |
2 Bedrooms | $250K | $260K | +4.0% |
3 Bedrooms | $347.5K | $370K | +6.5% |
4 Bedrooms | $615K | $529K | -14.0% |
5+ Bedrooms | $750K | $435K | -42.0% |
Summary: Westmont housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes decreased by 42%.
Median Sold Price Compared To Nearby Cities
Hinsdale | $958.7K | $1.2M | +33.0% |
Clarendon Hills | $575K | $626K | +8.9% |
Downers Grove | $410K | $440.3K | +7.4% |
Willowbrook | $275K | $295K | +7.3% |
Westmont | $342K | $348.9K | +2.0% |
Housing Supply in Westmont, IL
How many homes are available in Westmont, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
67 | 77 | +14.9% |
Summary: The Westmont real estate market had 77 homes for sale in June 2024, a 14.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 24 | 23 | -4.2% |
3 Bedrooms | 27 | 31 | +14.8% |
4 Bedrooms | 14 | 19 | +35.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Westmont housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
18 | 25 | +38.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Westmont in June 2024, up by 38.9% month-over-month. Of the 25 sold homes, 44% were sold under asking, 16% were sold at asking, and 40% were sold over asking.
Days on Market for Westmont, IL
How long does it take to sell a home in Westmont, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
12 Days | 12 Days | -1.8% |
Summary: Homes in Westmont had an average of 12 days on market in Jun 2024, down by 1.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 25 homes were sold in Westmont; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.