Is Wheatland Township, 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, Wheatland Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $280K | $325K | +16.1% |
3 Bedrooms | $373.9K | $412K | +10.2% |
4 Bedrooms | $595.9K | $629.9K | +5.7% |
5+ Bedrooms | $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 | $366.8K | $483.6K | +31.8% |
Naperville | $505.8K | $549.4K | +8.6% |
Bolingbrook | $314.7K | $329.8K | +4.8% |
Wheatland Township | $520K | $543.2K | +4.5% |
Plainfield | $406.5K | $375K | -7.7% |
Housing Supply in Wheatland Township, IL
How many homes are available in Wheatland Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
193 | 253 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 24 | 36 | +50.0% |
3 Bedrooms | 43 | 53 | +23.3% |
4 Bedrooms | 91 | 117 | +28.6% |
5+ Bedrooms | 35 | 47 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 61 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 14 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
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.