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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winfield is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Winfield, IL

How much do homes in Winfield, IL cost?

Median Sold Price

$424,500

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$49,500(+13.2%)

Key Takeaway

Homes in Winfield have sold for 13.2% more than they did a year ago.

Summary: The median home sold price in Winfield was $424,500 in April 2024, up 13.2% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $207K-
N/A
2 $279.9K$340K
+21.5%
3 $345K$405K
+17.4%
4 $455K$535K
+17.6%
5+ $590K$751.5K
+27.4%

Summary: Winfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 27.4%.

Median Sold Price Compared To Nearby Cities

Winfield
+13.2%
Wheaton
+10.8%
Winfield Township
+10.1%
Carol Stream
+8.2%
Milton Township
+7.1%

Housing Supply in Winfield, IL

How many homes are available in Winfield, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3539+11.4%

Summary: The Winfield real estate market had 39 homes for sale in April 2024, a 11.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 118
-27.3%
3 1215
+25.0%
4 1114
+27.3%
5+ 11
0.0%

Summary: The Winfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1013+30.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winfield, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Winfield in April 2024, up by 30.0% month-over-month. Of the 13 sold homes, 31% were sold under asking, 15% 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

Apr 2023Apr 2024CHANGE
12 Days8 Days-36.0%

Summary: Homes in Winfield had an average of 8 days on market in Apr 2024, down by 36% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 13 homes were sold in Winfield; 100% of homes were sold within 30 days, 0% 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 13 Days Ago

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