Is Indian Head 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, Indian Head Park has remained a Seller's Market.
Housing Prices in Indian Head Park, IL
How much do homes in Indian Head Park, IL cost?
Median Sold Price
$370,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Indian Head Park was $370,000 in May 2024, up 15.6% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $135K | -10.0% |
2 Bedrooms | $240K | $257.5K | +7.3% |
3 Bedrooms | $347.9K | $373K | +7.2% |
4 Bedrooms | $697.5K | $731.2K | +4.8% |
5+ Bedrooms | $673.5K | $1.0M | +58.5% |
Summary: Indian Head Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 58.5%.
Median Sold Price Compared To Nearby Cities
Hinsdale | $999.7K | $1.1M | +17.2% |
Indian Head Park | $320K | $370K | +15.6% |
Lyons Township | $370K | $391.9K | +5.9% |
Burr Ridge | $692.5K | $674K | -2.7% |
Countryside | $355K | $345K | -2.8% |
Housing Supply in Indian Head Park, IL
How many homes are available in Indian Head Park, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 23 | 0.0% |
Summary: The Indian Head Park real estate market had 23 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 15 | 11 | -26.7% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Indian Head 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 increased by 100%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Indian Head Park in May 2024, up by 28.6% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for Indian Head Park, IL
How long does it take to sell a home in Indian Head Park, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 8 Days | +10.4% |
Summary: Homes in Indian Head Park had an average of 8 days on market in May 2024, up by 10.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Indian Head Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.