West Chicago, IL Market Snapshot
West Chicago, IL
Single Family Homes Sales, Prices and Inventory
Each data point is 12 months of activity.
Number of Home Sales
The total number of single family home sales in the Village of West Chicago has been both fast-paced and relatively steady over the past several years. The slight decline in the number of sales over the past year is largely due to a lack of inventory rather than a general softening of buyer demand.
Average Sales Price
In West Chicago over the past year, the average sales price of about $285,000 stayed the same as the previous year, making West Chicago one of the more affordable towns in the western suburbs. Lower-priced homes sold for an average of about $218,000 in the past year, while the price of homes in the middle range of $300,000 to $500,000 dropped by about 4%.
Average Market Time
Market time is the number of days that a house was on the market when it went under contract. Over the past year, homes priced below $500,00 went under contract in an average of about 80 days, while homes priced over $500,000 were on the market an average of about 160 days before selling.