Is Clarendon Hills, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Clarendon Hills has remained a Seller's Market.
Housing Prices in Clarendon Hills, IL
How much do homes in Clarendon Hills, IL cost?
Median Sold Price
$599,950
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Clarendon Hills was $599,950 in May 2024, up 4.3% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119.9K | $140K | +16.7% |
2 Bedrooms | $251.2K | $277.5K | +10.4% |
3 Bedrooms | $455K | $420K | -7.7% |
4 Bedrooms | $911.6K | $861.5K | -5.5% |
5+ Bedrooms | $1.4M | $1.3M | -4.2% |
Summary: Clarendon Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 10.4%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
Hinsdale | $999.7K | $1.1M | +17.2% |
Downers Grove Township | $400.9K | $430.4K | +7.4% |
Clarendon Hills | $575K | $599.9K | +4.3% |
Westmont | $352.5K | $345K | -2.1% |
Housing Supply in Clarendon Hills, IL
How many homes are available in Clarendon Hills, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
50 | 49 | -2.0% |
Summary: The Clarendon Hills real estate market had 49 homes for sale in May 2024, a 2.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 5 | 10 | +100.0% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 19 | 14 | -26.3% |
5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Clarendon Hills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 26.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 11 | -38.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Clarendon Hills in May 2024, down by 38.9% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.
Days on Market for Clarendon Hills, IL
How long does it take to sell a home in Clarendon Hills, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 7 Days | -80.3% |
Summary: Homes in Clarendon Hills had an average of 7 days on market in May 2024, down by 80.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Clarendon Hills; 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.