Is Wheatland Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wheatland Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Wheatland Township has remained a Seller's Market.

Key Takeaway

Wheatland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Wheatland Township, IL

How much do homes in Wheatland Township, IL cost?

Median Sold Price

$543,246

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$23,155(+4.5%)

Key Takeaway

Homes in Wheatland Township have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Wheatland Township was $543,246 in March 2024, up 4.5% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $280K$325K
+16.1%
3 $373.9K$412K
+10.2%
4 $595.9K$629.9K
+5.7%
5+ $740K$777.5K
+5.1%

Summary: Wheatland Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Cities

Naperville Township
+31.8%
Naperville
+8.6%
Bolingbrook
+4.8%
Wheatland Township
+4.5%
Plainfield
-7.7%

Housing Supply in Wheatland Township, IL

How many homes are available in Wheatland Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
193253+31.1%

Summary: The Wheatland Township real estate market had 253 homes for sale in March 2024, a 31.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 2436
+50.0%
3 4353
+23.3%
4 91117
+28.6%
5+ 3547
+34.3%

Summary: The Wheatland Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 34.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4761+29.8%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wheatland Township, you could pay more than the asking price. 47.5% of homes here sold above asking price last month.

Summary: A total of 61 homes were sold or pending in Wheatland Township in March 2024, up by 29.8% month-over-month. Of the 61 sold homes, 34% were sold under asking, 18% were sold at asking, and 48% were sold over asking.

Days on Market for Wheatland Township, IL

How long does it take to sell a home in Wheatland Township, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
24 Days14 Days-41.0%

Summary: Homes in Wheatland Township had an average of 14 days on market in Mar 2024, down by 41% compared to last year.

Breakdown of Home Sale Times

54 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 61 homes were sold in Wheatland Township; 89% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 3% 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 18 Days Ago

Newest Listings in Wheatland Township, IL

Nearby Markets to Wheatland Township, IL

What housing markets are near Wheatland Township, IL?