Is Winfield Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Winfield Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $169.9K | +69.9% |
2 Bedrooms | $235K | $256K | +8.9% |
3 Bedrooms | $305K | $339.3K | +11.3% |
4 Bedrooms | $410K | $435K | +6.1% |
5+ Bedrooms | $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 | $305K | $351K | +15.1% |
Warrenville | $270K | $306.5K | +13.5% |
Winfield | $375K | $421K | +12.3% |
Wheaton | $384.7K | $425K | +10.5% |
Winfield Township | $311.7K | $341K | +9.4% |
Housing Supply in Winfield Township, IL
How many homes are available in Winfield Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
94 | 119 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 26 | 37 | +42.3% |
3 Bedrooms | 39 | 50 | +28.2% |
4 Bedrooms | 21 | 23 | +9.5% |
5+ Bedrooms | 5 | 7 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 35 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 29 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
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.