Is Avalon Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Avalon Park was a Seller's Market.
Housing Prices in Avalon Park, IL
How much do homes in Avalon Park, IL cost?
Median Sold Price
$191,500
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Avalon Park was $191,500 in March 2024, up 3.5% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $207.5K | N/A |
2 Bedrooms | $133K | $128.7K | -3.2% |
3 Bedrooms | $230K | $200K | -13.0% |
4 Bedrooms | $214.5K | $195K | -9.1% |
5+ Bedrooms | $290.4K | $317K | +9.1% |
Summary: Avalon Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Neighborhoods
Calumet Heights | $215K | $227.5K | +5.8% |
Avalon Park | $185K | $191.5K | +3.5% |
Stony Island Park | $185K | $173.2K | -6.4% |
South Shore | $164.3K | $135.2K | -17.7% |
Housing Supply in Avalon Park, IL
How many homes are available in Avalon Park, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 57 | +16.3% |
Summary: The Avalon Park real estate market had 57 homes for sale in March 2024, a 16.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 7 | +133.3% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Avalon Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Avalon Park in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Avalon Park, IL
How long does it take to sell a home in Avalon Park, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
68 Days | 63 Days | -7.1% |
Summary: Homes in Avalon Park had an average of 63 days on market in Mar 2024, down by 7.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Avalon Park; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.