Is West Side, 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, West Side has remained a Seller's Market.
Housing Prices in West Side, IL
How much do homes in West Side, IL cost?
Median Sold Price
$414,042
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Side was $414,042 in April 2024, up 0.9% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $297K | $300K | +1.0% |
2 Bedrooms | $411K | $424.8K | +3.4% |
3 Bedrooms | $589.2K | $600K | +1.8% |
4 Bedrooms | $394.1K | $398.1K | +1.0% |
5+ Bedrooms | $364.1K | $389.4K | +6.9% |
Summary: West Side housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 6.9%.
Housing Supply in West Side, IL
How many homes are available in West Side, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,483 | 1,790 | +20.7% |
Summary: The West Side real estate market had 1,790 homes for sale in April 2024, a 20.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 96 | 135 | +40.6% |
2 Bedrooms | 396 | 483 | +22.0% |
3 Bedrooms | 402 | 459 | +14.2% |
4 Bedrooms | 179 | 228 | +27.4% |
5+ Bedrooms | 410 | 485 | +18.3% |
Summary: The West Side housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40.6%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 27.4%, and 5+ bedroom homes increased by 18.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
321 | 404 | +25.9% |
Asking Price vs. Sold Price
180 Homes Were Sold
Under Asking
81 Homes Were Sold
At Asking
143 Homes Were Sold
Over Asking
Summary: A total of 404 homes were sold or pending in West Side in April 2024, up by 25.9% month-over-month. Of the 404 sold homes, 45% were sold under asking, 20% were sold at asking, and 35% were sold over asking.
Days on Market for West Side, IL
How long does it take to sell a home in West Side, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 29 Days | -23.9% |
Summary: Homes in West Side had an average of 29 days on market in Apr 2024, down by 23.9% compared to last year.
Breakdown of Home Sale Times
305 Homes Were Sold
Under 30 Days
58 Homes Were Sold
In 30 - 90 Days
41 Homes Were Sold
Over 90 Days
Summary: During April 2024, 404 homes were sold in West Side; 75% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.