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 November 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

$420,450

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,950(+1.9%)

Key Takeaway

Homes in Winfield have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Winfield was $420,450 in November 2024, up 1.9% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $207K$210K
+1.4%
2 $344K$290K
-15.7%
3 $402.5K$405K
+0.6%
4 $531.7K$541K
+1.7%
5+ $620K$850K
+37.1%

Summary: Winfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes decreased by 15.7%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 37.1%.

Median Sold Price Compared To Nearby Cities

Carol Stream
+14.0%
Milton Township
+7.4%
Wheaton
+6.5%
Winfield
+1.9%
Winfield Township
+1.7%

Housing Supply in Winfield, IL

How many homes are available in Winfield, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3734-8.1%

Summary: The Winfield real estate market had 34 homes for sale in November 2024, a 8.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 125
-58.3%
3 911
+22.2%
4 1416
+14.3%
5+ 22
0.0%

Summary: The Winfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 58.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1411-21.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winfield, expect to pay close to the asking price. 63.6% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in Winfield in November 2024, down by 21.4% month-over-month. Of the 11 sold homes, 27% were sold under asking, 64% were sold at asking, and 9% 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

Nov 2023Nov 2024CHANGE
11 Days11 Days0.4%

Summary: Homes in Winfield had an average of 11 days on market in Nov 2024, up by 0.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 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 November 2024, 11 homes were sold in Winfield; 82% of homes were sold within 30 days, 18% 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 3 Days Ago

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