Hey there, everyone! It's The Kombrink Team at One Source Realty, your neighborhood REALTOR® team, here with your latest market update. Today, we're diving into the numbers to give you a snapshot of what's happening in the Wheaton real estate market.
Current Market Snapshot
1. Inventory Levels
- Current Inventory: 0.95 months
- Year-over-Year Change: Decrease of over 54%
- Implication: Homes are flying off the market faster than ever before, making it a super tight market.
2. List to Sold Price Percentage
- Average Percentage: 102% of the asking price
- Implication: Sellers are getting top dollar for their homes in this competitive market.
3. Speed of Sales
- Median Days on Market: 8 days
- Implication: Homes are selling in less than a week on average, requiring buyers to act fast and make strong offers.
4. Median Sold Price
- Current Median Sold Price: $451,750
- Implication: Home values continue to rise, making it a great time for sellers to cash in on their investment.
Key Takeaways
-
For Buyers:
- The competitive market requires quick decision-making and strong offers to secure your dream home.
-
For Sellers:
- High demand and quick sales mean it's an excellent time to list your property and achieve top dollar.
Ready to Make a Move?
The Wheaton real estate market is hot right now. If you're thinking about buying or selling, now is the time to make your move. And remember, we're here to help you every step of the way.
Contact The Kombrink Team
Reach out to The Kombrink Team and let's make your real estate dreams a reality in Wheaton.
- Phone: 630-402-0021
- Website: kombrink.com
Stay updated with the latest real estate market trends in Wheaton, Illinois. Discover why it's a competitive market for both buyers and sellers, and learn how The Kombrink Team can help you navigate it. Contact us today!