Is Du Page Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Du Page Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Du Page Township has remained a Seller's Market.

Key Takeaway

Du Page Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Du Page Township, IL

How much do homes in Du Page Township, IL cost?

Median Sold Price

$318,300

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$28,050(+9.7%)

Key Takeaway

Homes in Du Page Township have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in Du Page Township was $318,300 in May 2024, up 9.7% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $117.5K$192K
+63.4%
2 $237.2K$260K
+9.6%
3 $265.2K$289.8K
+9.3%
4 $369.9K$400K
+8.1%
5+ $350K$457.5K
+30.7%

Summary: Du Page Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.4%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 30.7%.

Median Sold Price Compared To Nearby Cities

Du Page Township
+9.7%
Lisle Township
+8.1%
Bolingbrook
+8.0%
Romeoville
+7.7%
Woodridge
+1.6%

Housing Supply in Du Page Township, IL

How many homes are available in Du Page Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
230271+17.8%

Summary: The Du Page Township real estate market had 271 homes for sale in May 2024, a 17.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2733
+22.2%
3 109133
+22.0%
4 7886
+10.3%
5+ 1619
+18.8%

Summary: The Du Page Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 18.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
7981+2.5%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

50 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Du Page Township, you could pay more than the asking price. 61.7% of homes here sold above asking price last month.

Summary: A total of 81 homes were sold or pending in Du Page Township in May 2024, up by 2.5% month-over-month. Of the 81 sold homes, 27% were sold under asking, 11% were sold at asking, and 62% were sold over asking.

Days on Market for Du Page Township, IL

How long does it take to sell a home in Du Page Township, IL?

Average Sale Time

May 2023May 2024CHANGE
17 Days14 Days-20.8%

Summary: Homes in Du Page Township had an average of 14 days on market in May 2024, down by 20.8% compared to last year.

Breakdown of Home Sale Times

71 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Du Page Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 81 homes were sold in Du Page Township; 88% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 1% 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 Du Page Township, IL

Nearby Markets to Du Page Township, IL

What housing markets are near Du Page Township, IL?