Is Wadsworth, 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, Wadsworth has remained a Seller's Market.
Housing Prices in Wadsworth, IL
How much do homes in Wadsworth, IL cost?
Median Sold Price
$412,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wadsworth was $412,500 in May 2024, up 9.5% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $207K | $247K | +19.3% |
3 Bedrooms | $356K | $389.9K | +9.5% |
4 Bedrooms | $421.3K | $470K | +11.6% |
5+ Bedrooms | $570K | $494.7K | -13.2% |
Summary: Wadsworth 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 19.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 13.2%.
Median Sold Price Compared To Nearby Cities
Zion Township | $185K | $218.2K | +17.9% |
Zion | $185K | $218.2K | +17.9% |
Newport Township | $338.8K | $377K | +11.3% |
Wadsworth | $376.6K | $412.5K | +9.5% |
Beach Park | $245K | $248K | +1.2% |
Housing Supply in Wadsworth, IL
How many homes are available in Wadsworth, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 43 | +43.3% |
Summary: The Wadsworth real estate market had 43 homes for sale in May 2024, a 43.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 9 | 19 | +111.1% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Wadsworth 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 increased by 111.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Wadsworth in May 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Wadsworth, IL
How long does it take to sell a home in Wadsworth, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
53 Days | 16 Days | -69.6% |
Summary: Homes in Wadsworth had an average of 16 days on market in May 2024, down by 69.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Wadsworth; 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.