Is Winfield, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Winfield has remained a Seller's Market.
Housing Prices in Winfield, IL
How much do homes in Winfield, IL cost?
Median Sold Price
$425,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Winfield was $425,000 in May 2024, up 13.8% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $207K | - | N/A |
2 Bedrooms | $255K | $351.4K | +37.8% |
3 Bedrooms | $352.5K | $406.7K | +15.4% |
4 Bedrooms | $460K | $535K | +16.3% |
5+ Bedrooms | $607.5K | $751.5K | +23.7% |
Summary: Winfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.8%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 23.7%.
Median Sold Price Compared To Nearby Cities
Winfield | $373.5K | $425K | +13.8% |
Wheaton | $388.9K | $434.5K | +11.7% |
Carol Stream | $303K | $334.9K | +10.5% |
Winfield Township | $315.1K | $343.9K | +9.1% |
Milton Township | $399.9K | $435.3K | +8.8% |
Housing Supply in Winfield, IL
How many homes are available in Winfield, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 47 | +23.7% |
Summary: The Winfield real estate market had 47 homes for sale in May 2024, a 23.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 13 | +44.4% |
3 Bedrooms | 14 | 16 | +14.3% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Winfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Winfield in May 2024, the same as the previous month. Of the 13 sold homes, 23% were sold under asking, 23% were sold at asking, and 54% were sold over asking.
Days on Market for Winfield, IL
How long does it take to sell a home in Winfield, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 19 Days | +100.9% |
Summary: Homes in Winfield had an average of 19 days on market in May 2024, up by 100.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Winfield; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.