Baird & Warner's Market Report

Western Springs, IL 60558

Single-Family Homes

www.BairdWarner.com


Western Springs, IL 60558

Sun May 24 2026
This week the median list price for Western Springs, IL 60558 is $1,314,450 with the market action index hovering around 70. This is an increase over last month's market action index of 63. Inventory has decreased to 10. 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.

Strong Seller's Market

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Western Springs, IL 60558

Sun May 24 2026
This week the median list price for Western Springs, IL 60558 is $1,314,450 with the market action index hovering around 70. This is an increase over last month's market action index of 63. Inventory has decreased to 10. 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.

Strong Seller's Market

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Western Springs market.
Median List Price $1,314,450
Median Price of New Listings $2,224,500
Per Square Foot $340
Average Days on Market 74
Median Days on Market 14
Price Decreased 0%
Price Increased 10%
Relisted 20%
Inventory 10
Median Rent
Market Action 70
Strong Seller's Market

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
$2,399,000 6,456 - 6 6 9 1 3 7
$1,519,900 4,288 - 4 4 0 0 2 122
$1,199,000 3,523 - 4 3 67 1 2 21
$674,000 1,736 4,500 - 6,500 sqft 4 2 90 0 2 14