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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winfield is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Winfield, IL

How much do homes in Winfield, IL cost?

Median Sold Price

$421,000

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$46,000(+12.3%)

Key Takeaway

Homes in Winfield have sold for 12.3% more than they did a year ago.

Summary: The median home sold price in Winfield was $421,000 in March 2024, up 12.3% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $207K-
N/A
2 $274.9K$340K
+23.7%
3 $350K$405.7K
+15.9%
4 $460K$531.7K
+15.6%
5+ $607.5K$665.7K
+9.6%

Summary: Winfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.7%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 9.6%.

Median Sold Price Compared To Nearby Cities

Winfield
+12.3%
Wheaton
+10.5%
Winfield Township
+9.4%
Milton Township
+6.1%
Carol Stream
+4.9%

Housing Supply in Winfield, IL

How many homes are available in Winfield, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3135+12.9%

Summary: The Winfield real estate market had 35 homes for sale in March 2024, a 12.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1111
0.0%
3 1112
+9.1%
4 811
+37.5%
5+ 11
0.0%

Summary: The Winfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winfield, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Winfield in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.

Days on Market for Winfield, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
18 Days30 Days+67.0%

Summary: Homes in Winfield had an average of 30 days on market in Mar 2024, up by 67% compared to last year.

Breakdown of Home Sale Times

5 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 Winfield are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 9 homes were sold in Winfield; 56% of homes were sold within 30 days, 44% 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 25 Days Ago

Newest Listings in Winfield, IL

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