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 March 2023

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.

Housing Prices in Willowbrook, IL

How much do homes in Willowbrook, IL cost?

Median Sold Price

$302,500

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$42,500(+16.3%)

Key Takeaway

Homes in Willowbrook have sold for 16.3% more than they did a year ago.

Summary: The median home sold price in Willowbrook was $302,500 in March 2024, up 16.3% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $153.2K$139.9K
-8.7%
2 $220K$246.2K
+11.9%
3 $325K$359K
+10.5%
4 $558.5K$725K
+29.8%
5+ $760K$825K
+8.6%

Summary: Willowbrook housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 29.8%, and 5+ bedroom homes increased by 8.6%.

Median Sold Price Compared To Nearby Cities

Willowbrook
+16.3%
Clarendon Hills
+4.2%
Downers Grove Township
+4.0%
Westmont
+2.0%
Burr Ridge
-12.9%

Housing Supply in Willowbrook, IL

How many homes are available in Willowbrook, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5470+29.6%

Summary: The Willowbrook real estate market had 70 homes for sale in March 2024, a 29.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 65
-16.7%
2 2333
+43.5%
3 1518
+20.0%
4 911
+22.2%
5+ 13
+200.0%

Summary: The Willowbrook housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 43.5%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1020+100.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were 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. 70% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Willowbrook in March 2024, up by 100.0% month-over-month. Of the 20 sold homes, 70% were sold under asking, 0% were sold at asking, and 30% were sold over asking.

Days on Market for Willowbrook, IL

How long does it take to sell a home in Willowbrook, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
44 Days29 Days-34.4%

Summary: Homes in Willowbrook had an average of 29 days on market in Mar 2024, down by 34.4% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Summary: During March 2024, 20 homes were sold in Willowbrook; 60% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 5% 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 24 Days Ago

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