Westchester, IL housing market

Westchester sellers are working with one of the thinnest menus of homes buyers could ask for, just 22 homes for sale in the whole village right now. That shortage is doing a lot of work in this market. The typical Westchester home is now worth about three hundred seventy-five thousand dollars, up roughly 7 percent over the past year, a strong gain driven by buyers competing over very few options. Homes are moving quickly too, with a median of about 24 days on market, so well-priced listings are not sitting around. Sellers are also holding their ground on price. Only about 8 percent of listings have taken a price cut, which tells you most are getting close to what they asked. New supply is barely keeping pace, with around 24 new listings coming on against that tiny pool of existing inventory. The median list price sits near three hundred sixty-one thousand dollars, just under the typical value, suggesting sellers are pricing to move rather than to test the ceiling. If you have been considering selling in Westchester, this is the setup you want. Low competition, quick sales, and buyers with little else to choose from. The risk is waiting and watching more listings arrive.