Is La Grange Park, 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, La Grange Park has remained a Seller's Market.
Housing Prices in La Grange Park, IL
How much do homes in La Grange Park, IL cost?
Median Sold Price
$412,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in La Grange Park was $412,000 in May 2024, down 1.7% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $357.5K | +225.0% |
2 Bedrooms | $284K | $310K | +9.2% |
3 Bedrooms | $395K | $398K | +0.8% |
4 Bedrooms | $646.4K | $730K | +12.9% |
5+ Bedrooms | $639.9K | $857.5K | +34.0% |
Summary: La Grange Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 225%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 34%.
Median Sold Price Compared To Nearby Cities
Brookfield | $315K | $350K | +11.1% |
Westchester | $315K | $340K | +7.9% |
Proviso Township | $284.2K | $299.9K | +5.5% |
La Grange Park | $419K | $412K | -1.7% |
La Grange | $545K | $532.5K | -2.3% |
Housing Supply in La Grange Park, IL
How many homes are available in La Grange Park, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 34 | +6.3% |
Summary: The La Grange Park real estate market had 34 homes for sale in May 2024, a 6.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 19 | 24 | +26.3% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The La Grange Park 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 decreased by 28.6%, 3 bedroom homes increased by 26.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in La Grange Park in May 2024, the same as the previous month. Of the 14 sold homes, 21% were sold under asking, 7% were sold at asking, and 71% were sold over asking.
Days on Market for La Grange Park, IL
How long does it take to sell a home in La Grange Park, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 12 Days | -26.1% |
Summary: Homes in La Grange Park had an average of 12 days on market in May 2024, down by 26.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in La Grange Park; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.