Is Willow Springs, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Willow Springs has remained a Seller's Market.
Housing Prices in Willow Springs, IL
How much do homes in Willow Springs, IL cost?
Median Sold Price
$353,725
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Willow Springs was $353,725 in April 2024, down 1.1% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $177K | N/A |
2 Bedrooms | $292K | $254.9K | -12.7% |
3 Bedrooms | $354K | $360.2K | +1.8% |
4 Bedrooms | $400.5K | $437K | +9.1% |
5+ Bedrooms | $697.4K | $805K | +15.4% |
Summary: Willow Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Cities
Palos Township | $261.4K | $310K | +18.6% |
Justice | $255K | $261.5K | +2.5% |
Willow Springs | $357.5K | $353.7K | -1.1% |
Burr Ridge | $715K | $672.8K | -5.9% |
Housing Supply in Willow Springs, IL
How many homes are available in Willow Springs, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 28 | +12.0% |
Summary: The Willow Springs real estate market had 28 homes for sale in April 2024, a 12.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 7 | 5 | -28.6% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Willow Springs 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 22.2%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Willow Springs in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Willow Springs, IL
How long does it take to sell a home in Willow Springs, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 55 Days | +90.2% |
Summary: Homes in Willow Springs had an average of 55 days on market in Apr 2024, up by 90.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Willow Springs; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.