Baird & Warner's Market Report

Western Springs, IL 60558

Single-Family Homes

www.BairdWarner.com


Western Springs, IL 60558

Mon Jun 09 2025
This week the median list price for Western Springs, IL 60558 is $1,299,000 with the market action index hovering around 35. This is less than last month's market action index of 44. Inventory has held steady at or around 27. Click here to stay informed with the Western Springs market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Western Springs, IL 60558

Mon Jun 09 2025
This week the median list price for Western Springs, IL 60558 is $1,299,000 with the market action index hovering around 35. This is less than last month's market action index of 44. Inventory has held steady at or around 27. Click here to stay informed with the Western Springs market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Western Springs market.
Median List Price $1,299,000
Median Price of New Listings $1,074,500
Per Square Foot $347
Average Days on Market 94
Median Days on Market 56
Price Decreased 26%
Price Increased 7%
Relisted 30%
Inventory 27
Median Rent
Market Action 35
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,760,135 6,089 6,500 - 8,000 sqft 6 6 3 1 0 98
$1,625,000 3,500 - 5 4.5 0 1 0 77
$1,190,000 2,962 - 4 3.5 72 1 1 35
$574,450 1,634 - 3 2 79 1 1 52