Is Dwight, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dwight is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Dwight has remained a Seller's Market.

Key Takeaway

Dwight is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Dwight, IL

How much do homes in Dwight, IL cost?

Median Sold Price

$150,000

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$4,575(-3.0%)

Key Takeaway

Homes in Dwight have sold for 3% less than they did a year ago.

Summary: The median home sold price in Dwight was $150,000 in May 2024, down 3% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$150K
N/A
2 $100K$130K
+30.0%
3 $179K$162K
-9.5%
4 $215K$160K
-25.6%
5+ $210K$117.5K
-44.0%

Summary: Dwight 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 30%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 25.6%, and 5+ bedroom homes decreased by 44%.

Median Sold Price Compared To Nearby Cities

Dwight
-3.0%
Dwight Township
-9.0%

Housing Supply in Dwight, IL

How many homes are available in Dwight, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1113+18.2%

Summary: The Dwight real estate market had 13 homes for sale in May 2024, a 18.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 99
0.0%
4 11
0.0%
5+ 11
0.0%

Summary: The Dwight 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dwight, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Dwight in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Dwight, IL

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

Average Sale Time

May 2023May 2024CHANGE
101 Days16 Days-84.2%

Summary: Homes in Dwight had an average of 16 days on market in May 2024, down by 84.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 4 homes were sold in Dwight; 75% of homes were sold within 30 days, 25% 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 2 Days Ago

Newest Listings in Dwight, IL

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