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 September 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

$569,283

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$57,054(+11.1%)

Key Takeaway

Homes in Wheatland Township have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Wheatland Township was $569,283 in September 2024, up 11.1% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$240K
N/A
2 $310K$320K
+3.2%
3 $390K$426.5K
+9.4%
4 $600K$650K
+8.3%
5+ $762.5K$843.7K
+10.7%

Summary: Wheatland Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 10.7%.

Median Sold Price Compared To Nearby Cities

Bolingbrook
+11.9%
Wheatland Township
+11.1%
Naperville Township
+8.0%
Naperville
+7.8%
Plainfield
+2.4%

Housing Supply in Wheatland Township, IL

How many homes are available in Wheatland Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
325305-6.2%

Summary: The Wheatland Township real estate market had 305 homes for sale in September 2024, a 6.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 10
-100.0%
2 3143
+38.7%
3 7265
-9.7%
4 167144
-13.8%
5+ 5453
-1.9%

Summary: The Wheatland Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 38.7%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 1.9%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
11375-33.6%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wheatland Township, you may be able to get a good deal. 42.7% of homes here sold below asking price last month.

Summary: A total of 75 homes were sold or pending in Wheatland Township in September 2024, down by 33.6% month-over-month. Of the 75 sold homes, 43% were sold under asking, 16% were sold at asking, and 41% 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

Sep 2023Sep 2024CHANGE
15 Days14 Days-6.5%

Summary: Homes in Wheatland Township had an average of 14 days on market in Sep 2024, down by 6.5% compared to last year.

Breakdown of Home Sale Times

64 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

0 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 September 2024, 75 homes were sold in Wheatland Township; 85% of homes were sold within 30 days, 15% 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 Sep 1, 2024

Newest Listings in Wheatland Township, IL

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