Is Willowbrook, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Willowbrook is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Willowbrook, IL cost?

Median Sold Price

$256,250

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

-$27,750(-9.8%)

Key Takeaway

Homes in Willowbrook have sold for 9.8% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $132.5K$146K
+10.2%
2 $195K$220K
+12.8%
3 $321.2K$310.5K
-3.3%
4 $590K$555K
-5.9%
5+ $745K$760K
+2.0%

Median Sold Price Compared To Nearby Cities

Burr Ridge
+14.7%
Westmont
+4.0%
Downers Grove Township
+3.1%
Willowbrook
-9.8%
Clarendon Hills
-9.9%

How many homes are available in Willowbrook, IL?

Number of Homes For Sale

Sep 2022Oct 2022%
5558+5.5%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 32
-33.3%
2 2627
+3.8%
3 1319
+46.2%
4 118
-27.3%
5+ 22
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
1713-23.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Willowbrook, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
28 Days19 Days-29.6%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Willowbrook 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 Willowbrook, IL

Number of homes for sale in Willowbrook, IL real estate market have reached 58. The number of listings in Willowbrook, IL increased by 5.5% between September 2022 and October 2022. The median list price of listings available in October 2022 was $256,250, while the average time on the real estate market was 19 days. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 10.2%, the cost of 2 bedrooms properties went up by 12.8%, prices of 3 bedrooms properties decreased by 3.3%, prices of 4 bedrooms properties went down by 5.9%, prices of 5 bedrooms properties increased by 2%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 33.3% less available, 2 bedrooms homes inventory increased by 3.8%, the quantity of 3 bedrooms homes went up by 46.2%, number of 4 bedrooms homes decreased by 27.3%, the quantity of 5 bedrooms homes have not changed. In October 2022, from all listings sold in Willowbrook, IL there were more than 1 sold above asking price, over 8 sold below and more than 4 were sold right at the asked price.

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