Is Hinsdale, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hinsdale is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Hinsdale has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Hinsdale, IL

How much do homes in Hinsdale, IL cost?

Median Sold Price

$1,171,826

$317/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$172,029(+17.2%)

Key Takeaway

Homes in Hinsdale have sold for 17.2% more than they did a year ago.

Summary: The median home sold price in Hinsdale was $1,171,826 in May 2024, up 17.2% from last year, and the median price per square foot was $317.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $392.5K$350K
-10.8%
3 $699K$705.6K
+1.0%
4 $1.0M$1.1M
+5.2%
5+ $1.6M$1.7M
+3.0%

Summary: Hinsdale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 3%.

Median Sold Price Compared To Nearby Cities

Hinsdale
+17.2%
Indian Head Park
+15.6%
Western Springs
+7.3%
Westmont
-2.1%
Burr Ridge
-2.7%

Housing Supply in Hinsdale, IL

How many homes are available in Hinsdale, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
97115+18.6%

Summary: The Hinsdale real estate market had 115 homes for sale in May 2024, a 18.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 57
+40.0%
3 1721
+23.5%
4 3539
+11.4%
5+ 3947
+20.5%

Summary: The Hinsdale 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 40%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 20.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2824-14.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hinsdale, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Hinsdale in May 2024, down by 14.3% month-over-month. Of the 24 sold homes, 54% were sold under asking, 21% were sold at asking, and 25% were sold over asking.

Days on Market for Hinsdale, IL

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

Average Sale Time

May 2023May 2024CHANGE
36 Days33 Days-6.2%

Summary: Homes in Hinsdale had an average of 33 days on market in May 2024, down by 6.2% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 24 homes were sold in Hinsdale; 79% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 13% 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

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