Trending Home Prices in Warrenville IL for June 2017

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What have home prices been doing in Warrenville this year?

Median home prices in Warrenville IL have dipped over the last few months.  We’re currently seeing a median list price of $224,900.  The chart below is a good comparison of median list prices vs. median sales prices in Warrenville IL for the last 12 months.  As you can see, home buyers and sellers were fairly aligned.

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Are home prices in Warrenville IL going up or down?

Home prices in Warrenville rose 8.5% in May as compared to April.  The median sales price right now is $195,000.  The great news is that comparing this year-over-year and we see a 2.6% increase!  Warrenville homes are definitely appreciating and this trend is only expected to continue.

Is Warrenville in a buyers or sellers market right now?

If you’ve been on the fence about selling your home, now is a great time!  Inventory of homes for sale in Warrenville is low at 2.6 months.  Anything between 3-6 months could be considered a stable market.  Inventory below 3 months puts us in a sellers market where prices can rise and market times fall.  Over 6 months and a buyers market takes over resulting in lower prices and longer market times.

What types of homes are for sale in Warrenville right now?

A lot of Warrenville homeowners may be concerned about foreclosures and short sales dragging down the market.  Actually, we’ve seen the numbers of bank-owned and distressed properties fall in Warrenville.  In May, 91% of homes for sale were traditional sales.  There were 2 foreclosures on the market, this has been trending down all year.  Short sales are low as well with 3.  Home prices in Warrenville IL are not being affected by these factors.

How long is it taking to sell a home in Warrenville right now?

The median market time for a home in Warrenville is at 20 days.  This has been dropping for the last year.  This could indicate a strong buyer pool still active in the market.

Want a rough idea of your home’s current value?

Fill out the form below to view an online analysis of your Warrenville IL home price.  While not as accurate as meeting with us in person, it can help you determine if selling your Warrenville home makes sense right now.

Looking for something more accurate?

The Kombrink Lobrillo Team at RE/MAX All Pro takes a very analytical approach to pricing your home.  Using a process similar to that of an actual home appraiser, our in-depth analysis produces a pricing strategy to get your home sold for top dollar in the least amount of time.  Combine that with our top notch marketing strategy and we’ll help you realize your real estate goals before you know it.

Contact our Warrenville Listing Specialist, Matt Kombrink, today to arrange for a complimentary home pricing analysis of your home.  Matt can be reached at 630-488-3300.