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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wadsworth is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

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

+$35,827(+9.5%)

Key Takeaway

Homes in Wadsworth have sold for 9.5% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $207K$247K
+19.3%
3 $356K$389.9K
+9.5%
4 $421.3K$470K
+11.6%
5+ $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
+17.9%
Zion
+17.9%
Newport Township
+11.3%
Wadsworth
+9.5%
Beach Park
+1.2%

Housing Supply in Wadsworth, IL

How many homes are available in Wadsworth, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3043+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 36
+100.0%
3 919
+111.1%
4 1314
+7.7%
5+ 54
-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 2024May 2024CHANGE
880.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wadsworth, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023May 2024CHANGE
53 Days16 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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 Wadsworth, IL

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