Is Auburn Gresham, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Auburn Gresham is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Auburn Gresham was a Seller's Market.

Key Takeaway

Auburn Gresham is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Auburn Gresham, IL

How much do homes in Auburn Gresham, IL cost?

Median Sold Price

$224,800

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$14,800(+7.0%)

Key Takeaway

Homes in Auburn Gresham have sold for 7% more than they did a year ago.

Summary: The median home sold price in Auburn Gresham was $224,800 in April 2024, up 7% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $40K-
N/A
2 $155K$154.2K
-0.5%
3 $176K$205K
+16.5%
4 $223K$223.2K
0.1%
5+ $280K$290K
+3.6%

Summary: Auburn Gresham housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Neighborhoods

Auburn Gresham
+7.0%
Washington Heights
+4.6%
Chatham
-4.6%
Roseland
-5.3%
Princeton Park
-25.4%

Housing Supply in Auburn Gresham, IL

How many homes are available in Auburn Gresham, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
134166+23.9%

Summary: The Auburn Gresham real estate market had 166 homes for sale in April 2024, a 23.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 611
+83.3%
3 4263
+50.0%
4 4247
+11.9%
5+ 4445
+2.3%

Summary: The Auburn Gresham housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 83.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 2.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1426+85.7%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Auburn Gresham, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Auburn Gresham in April 2024, up by 85.7% month-over-month. Of the 26 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% were sold over asking.

Days on Market for Auburn Gresham, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
57 Days20 Days-64.9%

Summary: Homes in Auburn Gresham had an average of 20 days on market in Apr 2024, down by 64.9% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 26 homes were sold in Auburn Gresham; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% 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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