What have home prices been doing in Winfield this year?
Median home prices in Winfield IL have remained fairly stable over the last year. We’re currently seeing a median list price of $319,900. The chart below is a good comparison of median list prices vs. median sales prices in Winfield IL for the last 12 months. As you can see, home buyers and sellers have been fairly aligned all year.
Are home prices in Winfield IL going up or down?
Home prices in Winfield dipped 8% in August as compared to July. The median sales price right now is $285,000. The great news is that comparing this year-over-year we see a 9.6% increase! Winfield homes are definitely appreciating and this trend is only expected to continue.
Is Winfield 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 Winfield has dropped to 3.9 months. Anything between 3-6 months could be considered a stable market so we’re getting to the low end of that. 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 Winfield right now?
A lot of Winfield 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 Winfield. In August, 95% of homes for sale were traditional sales. There was 1 foreclosure on the market, the lowest number this year. Short sales are on the decline also with 2. Home prices in Winfield IL are not being affected by these factors.
How long is it taking to sell a home in Winfield right now?
The median market time for a home in Winfield is at 29 days. This is at the lowest point in over a 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 Winfield IL home price. While not as accurate as meeting with us in person, it can help you determine if selling your Winfield 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 Winfield Listing Specialist, Matt Kombrink, today to arrange for a complimentary home pricing analysis of your home. Matt can be reached at 630-488-3300.