Is Willow Springs, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Willow Springs is a seller's market

Buyer's
Market

Difference Since July 2021

Since last year, Willow Springs has remained a Seller's Market.

Key Takeaway

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

How much do homes in Willow Springs, IL cost?

Median Sold Price

$329,500

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$14,500(+4.6%)

Key Takeaway

Homes in Willow Springs have sold for 4.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $134K$160K
+19.4%
2 $230K$255K
+10.9%
3 $310K$315K
+1.6%
4 $379.9K$495K
+30.3%
5+ $557.4K$800K
+43.5%

Median Sold Price Compared To Nearby Cities

Justice
+19.2%
Burr Ridge
+15.6%
Palos Township
+8.1%
Willow Springs
+4.6%

How many homes are available in Willow Springs, IL?

Number of Homes For Sale

Jun 2022Jul 2022%
5056+12.0%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 1619
+18.8%
3 2223
+4.5%
4 911
+22.2%
5+ 33
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
1312-7.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Willow Springs, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
18 Days10 Days-41.6%

Breakdown of Home Sale Times

12 Homes Were 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 Willow Springs are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Willow Springs, IL

Willow Springs, IL has 56 homes on the market. Between June 2022 and July 2022, Willow Springs, IL real estate market has seen increase in the number of listings by 12%. The median list price of listings available in July 2022 was $329,500, while the average time on the real estate market was 10 days. Real estate listing prices changed between June 2022 and July 2022: 1 bedroom properties prices increased by 19.4%, prices of 2 bedrooms properties increased by 10.9%, 3 bedrooms properties prices increased by 1.6%, prices of 4 bedrooms properties increased by 30.3%, 5 bedrooms properties became 43.5% more expensive. This housing market inventory have changed: 1 bedroom homes inventory did not change, 2 bedrooms homes became 18.8% more available, 3 bedrooms homes inventory increased by 4.5%, volume of 4 bedrooms homes went up by 22.2%, the quantity of 5 bedrooms homes have not changed. Over 6 listings were sold over their listed price in July 2022 in Willow Springs, IL. In the same period over 4 listings were sold below the listed price and 2 listings were sold for the listed price.

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