Westchester, IL home prices and housing market

Westchester has just 24 homes for sale right now, and home values are up about 7 percent over the past year. If you own a home here, that combination is worth paying attention to, so here is what it means if you are weighing a sale this year. The typical Westchester home is now worth about three hundred seventy-one thousand dollars, up roughly 7.3 percent from a year ago. That is real equity built in twelve months. Homes that do hit the market are moving at a steady pace, with a median of about 35 days from listing to pending. And very few sellers are chasing the market down, because only about 11 percent of active listings have taken a price cut. But one number cuts the other way. The median asking price right now is about four hundred thousand dollars, which sits well above the typical home's value. With only about 20 new listings coming on, buyers have very little to compare, so a home priced far above its worth will stand out for the wrong reason. So the smart play here is to price at the market, not above it. In a market this tight, a correctly priced home sells in about a month, while an ambitious one risks joining the small group cutting its price. To see what your Westchester home could sell for today, get a free estimate at Home Value Pros dot com.