Is Will County, 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, Will County has remained a Seller's Market.
Housing Prices in Will County, IL
How much do homes in Will County, IL cost?
Median Sold Price
$327,819
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Will County was $327,819 in April 2024, up 7.4% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $120K | +9.1% |
2 Bedrooms | $227.1K | $249.2K | +9.7% |
3 Bedrooms | $284.9K | $304.9K | +7.0% |
4 Bedrooms | $401.8K | $437.7K | +8.9% |
5+ Bedrooms | $501.2K | $550K | +9.7% |
Summary: Will County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Counties
Kankakee County | $179.9K | $201.2K | +11.8% |
Kendall County | $302.7K | $335K | +10.6% |
Will County | $305.2K | $327.8K | +7.4% |
DuPage County | $359.8K | $382.8K | +6.4% |
Cook County | $306.1K | $320.2K | +4.6% |
Housing Supply in Will County, IL
How many homes are available in Will County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,941 | 2,278 | +17.4% |
Summary: The Will County real estate market had 2,278 homes for sale in April 2024, a 17.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 15 | -28.6% |
2 Bedrooms | 362 | 395 | +9.1% |
3 Bedrooms | 757 | 904 | +19.4% |
4 Bedrooms | 627 | 757 | +20.7% |
5+ Bedrooms | 174 | 207 | +19.0% |
Summary: The Will County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
543 | 607 | +11.8% |
Asking Price vs. Sold Price
209 Homes Were Sold
Under Asking
121 Homes Were Sold
At Asking
277 Homes Were Sold
Over Asking
Summary: A total of 607 homes were sold or pending in Will County in April 2024, up by 11.8% month-over-month. Of the 607 sold homes, 34% were sold under asking, 20% were sold at asking, and 46% were sold over asking.
Days on Market for Will County, IL
How long does it take to sell a home in Will County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 19 Days | -21.4% |
Summary: Homes in Will County had an average of 19 days on market in Apr 2024, down by 21.4% compared to last year.
Breakdown of Home Sale Times
495 Homes Were Sold
Under 30 Days
83 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Summary: During April 2024, 607 homes were sold in Will County; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.