Is Darien, 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, Darien has remained a Seller's Market.
Housing Prices in Darien, IL
How much do homes in Darien, IL cost?
Median Sold Price
$397,333
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Darien was $397,333 in May 2024, up 16.9% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112K | $126K | +12.5% |
2 Bedrooms | $270K | $295.2K | +9.4% |
3 Bedrooms | $341K | $404.3K | +18.6% |
4 Bedrooms | $445K | $499K | +12.1% |
5+ Bedrooms | $649.9K | $650K | 0.0% |
Summary: Darien housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Darien | $340K | $397.3K | +16.9% |
Downers Grove Township | $400.9K | $430.4K | +7.4% |
Willowbrook | $274.4K | $284K | +3.5% |
Woodridge | $344.6K | $350K | +1.6% |
Westmont | $352.5K | $345K | -2.1% |
Housing Supply in Darien, IL
How many homes are available in Darien, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
70 | 74 | +5.7% |
Summary: The Darien real estate market had 74 homes for sale in May 2024, a 5.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 17 | 22 | +29.4% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 26 | 21 | -19.2% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Darien 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 increased by 29.4%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 31 | +19.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Darien in May 2024, up by 19.2% month-over-month. Of the 31 sold homes, 32% were sold under asking, 13% were sold at asking, and 55% were sold over asking.
Days on Market for Darien, IL
How long does it take to sell a home in Darien, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 9 Days | -15.6% |
Summary: Homes in Darien had an average of 9 days on market in May 2024, down by 15.6% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Darien; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.