Is Westmont Acres, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westmont Acres is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Westmont Acres was a Seller's Market.

Key Takeaway

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

Housing Prices in Westmont Acres, IL

How much do homes in Westmont Acres, IL cost?

Median Sold Price

$975,000

$178/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$555,000(+132.1%)

Key Takeaway

Homes in Westmont Acres have sold for 132.1% more than they did a month ago.

Summary: The median home sold price in Westmont Acres was $975,000 in April 2024, up 132.1% from last month, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $420K-
N/A
4 -$975K
N/A
5+ --
N/A

Summary: Westmont Acres housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Westmont Acres, IL

How many homes are available in Westmont Acres, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
770.0%

Summary: The Westmont Acres real estate market had 7 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 21
-50.0%
4 44
0.0%
5+ 00
0.0%

Summary: The Westmont Acres housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westmont Acres, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Westmont Acres in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Westmont Acres, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
57 Days6 Days-89.6%

Summary: Homes in Westmont Acres had an average of 6 days on market in Apr 2024, down by 89.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Westmont Acres are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in Westmont Acres; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

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