Wheaton, IL Home Sellers: Market Insights for September 2024

As a home seller in Wheaton, IL, staying informed about the latest market trends is crucial for making strategic decisions. As a Realtor focused in the Wheaton real estate market since 1996, Cyndi Dumontelle has been a go-to resource for home sellers looking to reap the benefits of the care they’ve put into their homes. If you’re considering a move of your own, contact Cyndi today for a confidential conversation about your options in the upcoming market! 630-808-3328

NOW… Let’s dive into the key statistics from September 2024 to understand the current landscape.

Sales Price/List Price Ratio

The sales price/list price ratio is a vital indicator of market health. This ratio, expressed as a percentage, compares the average sale price to the average list price of sold properties. A ratio above 100% means homes are selling for more than their list price, while a ratio below 100% indicates they are selling for less. In September 2024, Wheaton’s ratio was 99.89%, mirroring the figures from both the previous month and September 2023. This stability suggests a balanced market where homes are selling very close to their listed prices.

Median Sales Price

The median sales price in September 2024 was $424,500, reflecting a slight decrease of -1.28% from August’s $430,000. However, this figure is a significant 20.43% increase from $352,500 in September 2023. This year-over-year rise highlights a robust appreciation in home values, making it a favorable time for sellers looking to capitalize on their investments.

Average Sales Price

The average sales price in September 2024 stood at $459,176, down -7.40% from $495,857 in August. Despite this monthly dip, the average price is still 7.77% higher than the $426,053 recorded in September 2023. This indicates that while there may be short-term fluctuations, the overall trend points to a healthy increase in property values over the past year.

Conclusion

For home sellers in Wheaton, IL, the current market conditions offer a promising outlook. With stable sales price/list price ratios and significant year-over-year price increases, now is an opportune time to consider selling your property. So, let’s get the marketing wheels rolling, give your home a little curb appeal TLC, and get ready to make your neighbors green with envy. After all, who doesn’t love a good bidding war? Call Cyndi to get started today 630-808-3328 Happy selling! 🏡💰