Is Auburn Gresham, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Auburn Gresham was a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40K | - | N/A |
2 Bedrooms | $155K | $154.2K | -0.5% |
3 Bedrooms | $176K | $205K | +16.5% |
4 Bedrooms | $223K | $223.2K | 0.1% |
5+ Bedrooms | $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 | $209.9K | $224.8K | +7.0% |
Washington Heights | $194.5K | $203.5K | +4.6% |
Chatham | $204.5K | $195K | -4.6% |
Roseland | $170K | $161K | -5.3% |
Princeton Park | $167.5K | $125K | -25.4% |
Housing Supply in Auburn Gresham, IL
How many homes are available in Auburn Gresham, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
134 | 166 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 11 | +83.3% |
3 Bedrooms | 42 | 63 | +50.0% |
4 Bedrooms | 42 | 47 | +11.9% |
5+ Bedrooms | 44 | 45 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 26 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 20 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
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.