Is Western Springs, IL 60558 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Western Springs is a seller’s market. With about 1.5 months of supply and 58% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score86/ 100

More competitive than 91% of U.S. ZIP codes, and #35 of 464 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply1.5Under 4 months = seller’s market
Sold above original list58%Share of sales, last 3 months
Median sale-to-list102.8%Sold price ÷ list price
Median days on market38Listing to accepted offer
Median price per sq ft$373▲ +3.3% vs. last year

The Western Springs housing market right now

In the three months ending August 31, 2026, 58% of homes in Western Springs, IL 60558 sold above their list price, the typical home went under contract in 38 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 64 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 48%, homes sold faster (41 days then) and the median sale price rose 27% to $995,069. Overall, Western Springs is more competitive than a year ago, so tougher for buyers.

Within Cook County, homes here sell faster than in 92% of the county’s ZIP codes, and sell more often over asking than in 88%. On our competition score, Western Springs ranks #35 of 464 IL ZIP codes with enough sales (score 86 out of 100).

Nearby, buyers who want less competition could look at Thornton 60476 (14% sold over asking) or Chicago 60604 (17% sold over asking), while Golf 60029 (100% sold over asking) and Berkeley 60163 (75% sold over asking) are even more competitive.

Nearby markets

Alsip 60803Seller’s market $202 /sq ftArlington Heights 60004Seller’s market $280 /sq ftArlington Heights 60005Seller’s market $261 /sq ftBarrington 60010Seller’s market $255 /sq ft Browse all markets →

Where Western Springs is

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Questions about Western Springs real estate

Is Western Springs a buyer’s or seller’s market?

A seller’s market: there were 1.5 months of supply in Western Springs, IL 60558 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Western Springs?

The typical home went under contract in 38 days in the latest three months.

Do homes in Western Springs sell over asking?

58% of homes sold above their original list price, and the typical sale closed at 102.8% of the list price.

What are property taxes in Western Springs?

About 1.91% of a home’s value a year in Cook County, or roughly $7,640 on a $400,000 home.

What is the median home price in Western Springs?

The median sale price was $995,069 in the three months ending August 31, 2026, about $373 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology