Is Avalon Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Avalon Park is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Avalon Park was a Seller's Market.

Key Takeaway

Avalon Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$6,500(+3.5%)

Key Takeaway

Homes in Avalon Park have sold for 3.5% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 -$207.5K
N/A
2 $133K$128.7K
-3.2%
3 $230K$200K
-13.0%
4 $214.5K$195K
-9.1%
5+ $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
+5.8%
Avalon Park
+3.5%
Stony Island Park
-6.4%
South Shore
-17.7%

Housing Supply in Avalon Park, IL

How many homes are available in Avalon Park, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4957+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 37
+133.3%
3 2224
+9.1%
4 1516
+6.7%
5+ 910
+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 2024Mar 2024CHANGE
56+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Avalon Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
68 Days63 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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