Is Villa 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, Villa Park has remained a Seller's Market.
Housing Prices in Villa Park, IL
How much do homes in Villa Park, IL cost?
Median Sold Price
$316,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Villa Park was $316,000 in May 2024, up 5.5% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $182.5K | +4.3% |
2 Bedrooms | $243K | $260K | +7.0% |
3 Bedrooms | $309K | $323K | +4.5% |
4 Bedrooms | $367.5K | $381.3K | +3.8% |
5+ Bedrooms | $418.4K | $471.5K | +12.7% |
Summary: Villa Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Cities
Lombard | $308.8K | $328.6K | +6.4% |
Villa Park | $299.4K | $316K | +5.5% |
York Township | $363.9K | $377.1K | +3.6% |
Elmhurst | $524.5K | $529.9K | +1.0% |
Housing Supply in Villa Park, IL
How many homes are available in Villa Park, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
63 | 78 | +23.8% |
Summary: The Villa Park real estate market had 78 homes for sale in May 2024, a 23.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 19 | 24 | +26.3% |
3 Bedrooms | 24 | 34 | +41.7% |
4 Bedrooms | 15 | 13 | -13.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Villa Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 41.7%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 25 | +31.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Villa Park in May 2024, up by 31.6% month-over-month. Of the 25 sold homes, 28% were sold under asking, 12% were sold at asking, and 60% were sold over asking.
Days on Market for Villa Park, IL
How long does it take to sell a home in Villa Park, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 10 Days | -53.1% |
Summary: Homes in Villa Park had an average of 10 days on market in May 2024, down by 53.1% compared to last year.
Breakdown of Home Sale Times
23 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, 25 homes were sold in Villa Park; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.