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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winfield Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Winfield Township, IL

How much do homes in Winfield Township, IL cost?

Median Sold Price

$341,019

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$29,239(+9.4%)

Key Takeaway

Homes in Winfield Township have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Winfield Township was $341,019 in March 2024, up 9.4% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $100K$169.9K
+69.9%
2 $235K$256K
+8.9%
3 $305K$339.3K
+11.3%
4 $410K$435K
+6.1%
5+ $548K$550K
0.4%

Summary: Winfield Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.9%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 0.4%.

Median Sold Price Compared To Nearby Cities

West Chicago
+15.1%
Warrenville
+13.5%
Winfield
+12.3%
Wheaton
+10.5%
Winfield Township
+9.4%

Housing Supply in Winfield Township, IL

How many homes are available in Winfield Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
94119+26.6%

Summary: The Winfield Township real estate market had 119 homes for sale in March 2024, a 26.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 32
-33.3%
2 2637
+42.3%
3 3950
+28.2%
4 2123
+9.5%
5+ 57
+40.0%

Summary: The Winfield Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 42.3%, 3 bedroom homes increased by 28.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1935+84.2%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winfield Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in Winfield Township in March 2024, up by 84.2% month-over-month. Of the 35 sold homes, 57% were sold under asking, 11% were sold at asking, and 31% were sold over asking.

Days on Market for Winfield Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
19 Days29 Days+52.0%

Summary: Homes in Winfield Township had an average of 29 days on market in Mar 2024, up by 52% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Winfield Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 35 homes were sold in Winfield Township; 60% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 6% 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

Newest Listings in Winfield Township, IL

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