West Chicago Real Estate Market: Then and Now

Let’s take a look at how the real estate market in West Chicago, IL has changed over the years. The data below compares July 2013 to July 2024, showing the drastic differences in median sales prices, market time, and housing inventory.

MetricJuly 2013July 2024% Difference
Median Sales Price$185,000$440,000+137.84%
Average Market Time135 days15 days-88.89%
Housing Inventory147 homes15 homes-89.80%

A Look at the Numbers

1. Median Sales Price:
Back in July 2013, the median sales price of a home in West Chicago was $185,000. Fast forward to July 2024, and that price has skyrocketed to $440,000! That’s a massive increase of nearly 138%. This shows how much more valuable homes in the area have become over the past decade.

2. Average Market Time:
In 2013, homes sat on the market for an average of 135 days before they sold. But in July 2024, homes are selling much faster, with an average market time of just 15 days. This is a huge decrease of almost 89%, meaning homes are now flying off the market!

3. Housing Inventory:
The number of homes available for sale has also changed dramatically. In July 2013, there were 147 homes on the market. But in July 2024, there are only 15 homes available. That’s a decrease of nearly 90%, showing how tight the market has become.


What This Means for You

The real estate market in West Chicago, IL, has seen some big changes over the last 11 years. With home prices going up and fewer homes available, now is a great time to consider selling your home. Homes are selling faster than ever, and you could get top dollar for your property.

If you’re curious about what your home is worth in today’s market, don’t wait! Reach out to me, Carrie Little, at 630-405-8995 or visit bit.ly/listwithcarrietheagent for a FREE Market Analysis. Let’s find out how much your home has appreciated and get you the best deal possible!

Wego July 2024 https://mred.stats.10kresearch.com/docs/lmu/x/WestChicago?src=page

Wego July 2013 https://mred.stats.10kresearch.com/docs/lmu/2013-07/x/WestChicago?src=page

Carrie J. Little, BS, MS – Designated Managing Broker of CarMarc Realty Group

CarMarc Realty Group is Still here to Help you with Real Estate

Even during a “New Normal”

As we learn how to adjust to a new normal in Illinois and the world, we want you to know that CarMarc Realty Group is still here to service your real estate needs.  The great thing about having a boutique brokerage is the ability to adjust quickly.  Many of you know my story, but for those who don’t, I come from the technology industry.  In the early 90’s, I had the opportunity to work for a computer company then transitioning to a technology company that was on the leading edge of virtual meetings.  From their I worked for a non-profit producing their television program.  I also worked for one of the largest real estate commercial companies in the world, McDonald’s Corporation.  Basically, technology comes easy to our business.

Because I have a working knowledge of technology, when we launched CarMarc Realty Group in 2016 we opened the company as a paperless and virtual office.  Although, we have a brick and mortar location, most of our agents were already working from home.  We were already using, Docusign Rooms an online filing cabinet and Docusign an e-signature tool, virtual training tools, virtual meetings, and virtual one on ones to educate that agents in our office. 

Click here to watch the YouTube Video

Thus, making it easy to begin working with our clients and strategic partners in the virtual space.  So how are we adjusting to the new normal?

  1. We are stilling working with buyers and sellers
  2. The way we sell has been adjusted because of the “Stay at home Order”.  Yes, real estate was deemed essential, but it doesn’t mean we are doing our best to protect ourselves, our agents and our clients
  3. We are already a virtual office
  4. Our agents are trained and consistently trained on paperless tools and technology
  5. We use Docusign Rooms an online filing cabinet
  6. We use Docusign and Dotloop for e-signatures
  7. To collaborate using face to face tools we use, Zoom, FaceTime, Imo, Google Duo, Skype, Whereby or any tool that makes it easy to work with you, our buyers and sellers

Listing a house is still handled through the same process.  However, we start the listing process using face to face tools to pre-view your home.

Showing homes have new restrictions.  We can’t show homes to more than 4 people, including the REALTOR, in Illinois.  We ask that you are fully underwritten.  When you go through the loan process and turn in all of your paperwork, when we start looking at homes, it makes the process seamless.  Thus giving you power when you write an offer. 

We are recommending that you always wear a mask and gloves, bring hand-sanitzer when we view homes. If you are a seller, we have a new process when listing your home. 

If you have any questions during these uncertain times, reach out to us, via phone, email or text.  We are here to answer your questions.

Carrie J. Little, BS, MS

Designated Managing Broker/Owner
630.485.7323 office
630.999.9700 Marc – The Little Team
[email protected] 
www.CarMarcRealty.com
Shop for a home

You Passed the Real Estate Exam, Now What?

Getting your real estate license is easy.  Well at least for some.  I have always said, “taking the real estate exam was one of the hardest exams, I ever took”. But who new, that once you become a licensed agent, you have to learn the business of real estate.

The first few steps in real estate

  • Interview with many real estate brokerages – You don’t know what you don’t know.  In 2001, only one real estate agency called me back to interview.  So that’s the company I signed with.  I am not disappointed, I learned a lot and that company trained me.  Wherever, you sign up, make sure you get training.  It’s not about the money.  If you don’t learn the business, learn how to generate leads, help clients buy and sell homes, create a seamless process, build relationship, you’ll be looking for a “real job”.
  • Choose the best brokerage for you. I highly recommend a company that has education.
  • You’ll have to pay for your license and sign up with your local association. You’ll also be added to your state and the National Association of REALTORS®.
  • Sign up for training at your new company, association training, and technology training.
  • Take every MLS class available.  If you don’t learn how to use the mls, it’s like owning a business and not knowing where the inventory comes from.
  • Get to the office early and watch the top producers. Or maybe stay late.
  • If you want to build a successful real estate business, you must be willing to learn.

Yes, You Can Own A Home

Yes, You can own a home in 2017.  Owning a home is one of the largest purchases you’ll ever make. Although it might feel overwhelming it doesn’t have to be. Watch this short video on the home buying process.

The steps to owning a home include:

1. Getting approved for a loan

2. Working with a licensed professional that can explain the process and help with the hard decisions.

3. Select the area you want to live in. Before choosing the city drive around and check out the community, call the school district and get the school score breakdowns, call the city to find out what’s offered. Is a community swimming pool important to you? Do you want public transportation, shopping, a prairie path? Think about what you really want near your new home.

4. Begin your home search. Download my free home search app that gives access to active listings in the entire United States – Click here.

5. Once you find a home we will write an offer based on current market data. A home is only worth what someone is willing to pay. We will use current sold properties to determine a good asking price.

6. Once the offer is accepted you’ll hire a licensed home inspector. This takes about 3 hours. It might seem long but it’s the best way to understand what you are purchasing. A resale home isn’t perfect.

7. After the inspection issues are resolved you’ll make sure all necessary paperwork is turned into your mortgage company. Your loan officer might ask for the same document more than once.  Please just resend it and also stay away from big purchases. That could harm your purchase power and result in a loan denial.

8. The mortgage company will order your appraisal. Once the appraisal is completed and the underwriter has all paperwork we wait for a clear to close and your confirmed closing date and time.

9. One or two days before closing we have a final walk-thru of the home.

10. Finally, we meet a the title company to close your home purchase. This is different in other states. In Illinois we close at the title company location.

Ask me how I can negotiate your down payment today. Contact me now

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