Is Winthrop Harbor, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winthrop Harbor is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Winthrop Harbor was a Seller's Market.

Key Takeaway

Winthrop Harbor is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Winthrop Harbor, IL

How much do homes in Winthrop Harbor, IL cost?

Median Sold Price

$265,000

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$7,500(+2.9%)

Key Takeaway

Homes in Winthrop Harbor have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Winthrop Harbor was $265,000 in February 2024, up 2.9% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $186.4K$175K
-6.2%
3 $258.4K$260.4K
+0.8%
4 $279.5K$300K
+7.3%
5+ $385K$310K
-19.5%

Summary: Winthrop Harbor housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 19.5%.

Median Sold Price Compared To Nearby Cities

Zion Township
+16.7%
Zion
+16.7%
Winthrop Harbor
+2.9%
Pleasant Prairie
0.0%
Benton Township
-13.1%

Housing Supply in Winthrop Harbor, IL

How many homes are available in Winthrop Harbor, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1118+63.6%

Summary: The Winthrop Harbor real estate market had 18 homes for sale in February 2024, a 63.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 612
+100.0%
4 44
0.0%
5+ 00
0.0%

Summary: The Winthrop Harbor housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winthrop Harbor, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Winthrop Harbor in February 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Winthrop Harbor, IL

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

Average Sale Time

Feb 2023Feb 2024CHANGE
87 Days3 Days-96.6%

Summary: Homes in Winthrop Harbor had an average of 3 days on market in Feb 2024, down by 96.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 1 homes were sold in Winthrop Harbor; 100% of homes were sold within 30 days, 0% 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 27 Days Ago

Newest Listings in Winthrop Harbor, IL

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