Is Aroma Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Aroma Park is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Aroma Park has remained a Seller's Market.

Key Takeaway

Aroma Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Aroma Park, IL

How much do homes in Aroma Park, IL cost?

Median Sold Price

$206,500

$135/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$34,000(+19.7%)

Key Takeaway

Homes in Aroma Park have sold for 19.7% more than they did a month ago.

Summary: The median home sold price in Aroma Park was $206,500 in May 2024, up 19.7% from last month, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $190K$168K
-11.6%
3 $155K$245K
+58.1%
4 --
N/A
5+ --
N/A

Summary: Aroma Park housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.6%, 3 bedroom homes increased by 58.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Aroma Park, IL

How many homes are available in Aroma Park, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
660.0%

Summary: The Aroma Park real estate market had 6 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 22
0.0%
3 32
-33.3%
4 11
0.0%
5+ 00
0.0%

Summary: The Aroma Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Aroma Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Aroma Park in May 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Aroma Park, IL

How long does it take to sell a home in Aroma Park, IL?

Average Sale Time

Apr 2024May 2024CHANGE
13 Days4 Days-69.2%

Summary: Homes in Aroma Park had an average of 4 days on market in May 2024, down by 69.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Aroma Park are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 2 homes were sold in Aroma Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Aroma Park, IL

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