Is Westmont, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Westmont has remained a Seller's Market.
Housing Prices in Westmont, IL
How much do homes in Westmont, IL cost?
Median Sold Price
$345,000
$214/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Westmont was $345,000 in April 2024, the same as last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $106K | $126K | +18.9% |
2 Bedrooms | $246K | $255K | +3.7% |
3 Bedrooms | $355.5K | $365K | +2.7% |
4 Bedrooms | $610K | $490K | -19.7% |
5+ Bedrooms | $660K | $517.1K | -21.7% |
Summary: Westmont housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 19.7%, and 5+ bedroom homes decreased by 21.7%.
Median Sold Price Compared To Nearby Cities
Hinsdale | $989.5K | $1.2M | +22.8% |
Willowbrook | $265K | $300K | +13.2% |
Downers Grove | $410K | $432.9K | +5.6% |
Westmont | $345K | $345K | 0.0% |
Clarendon Hills | $590K | $584.5K | -0.9% |
Housing Supply in Westmont, IL
How many homes are available in Westmont, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 | 67 | +8.1% |
Summary: The Westmont real estate market had 67 homes for sale in April 2024, a 8.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 21 | +23.5% |
3 Bedrooms | 25 | 26 | +4.0% |
4 Bedrooms | 17 | 17 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Westmont housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 19 | -24.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Westmont in April 2024, down by 24.0% month-over-month. Of the 19 sold homes, 32% were sold under asking, 11% were sold at asking, and 58% were sold over asking.
Days on Market for Westmont, IL
How long does it take to sell a home in Westmont, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 25 Days | +8.0% |
Summary: Homes in Westmont had an average of 25 days on market in Apr 2024, up by 8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Westmont; 84% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.