Is Westmont, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$347,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Westmont was $347,000 in March 2024, up 2% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $126K | +26.0% |
2 Bedrooms | $245.2K | $254.5K | +3.8% |
3 Bedrooms | $360K | $361.2K | 0.3% |
4 Bedrooms | $610K | $489K | -19.8% |
5+ Bedrooms | $656.5K | $517.1K | -21.2% |
Summary: Westmont housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 19.8%, and 5+ bedroom homes decreased by 21.2%.
Median Sold Price Compared To Nearby Cities
Hinsdale | $999.4K | $1.1M | +16.6% |
Willowbrook | $260K | $302.5K | +16.3% |
Clarendon Hills | $575K | $599K | +4.2% |
Downers Grove | $410K | $427K | +4.1% |
Westmont | $340.1K | $347K | +2.0% |
Housing Supply in Westmont, IL
How many homes are available in Westmont, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 63 | +50.0% |
Summary: The Westmont real estate market had 63 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 12 | 17 | +41.7% |
3 Bedrooms | 19 | 28 | +47.4% |
4 Bedrooms | 9 | 16 | +77.8% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Westmont housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 41.7%, 3 bedroom homes increased by 47.4%, 4 bedroom homes increased by 77.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 21 | +110.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Westmont in March 2024, up by 110.0% month-over-month. Of the 21 sold homes, 29% were sold under asking, 19% were sold at asking, and 52% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 35 Days | -20.0% |
Summary: Homes in Westmont had an average of 35 days on market in Mar 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Westmont; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.