Is Avondale, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Avondale is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Avondale has remained a Seller's Market.

Key Takeaway

Avondale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Avondale, IL

How much do homes in Avondale, IL cost?

Median Sold Price

$470,500

$275/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$6,166(-1.3%)

Key Takeaway

Homes in Avondale have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in Avondale was $470,500 in April 2024, down 1.3% from last year, and the median price per square foot was $275.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $195K$212K
+8.7%
2 $311.2K$355.5K
+14.2%
3 $515K$509K
-1.2%
4 $595K$660K
+10.9%
5+ $617.5K$550K
-10.9%

Summary: Avondale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 14.2%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 10.9%.

Median Sold Price Compared To Nearby Neighborhoods

Avondale
-1.3%
Little Cassubia
-2.9%
Kosciuszko Park
-9.3%

Housing Supply in Avondale, IL

How many homes are available in Avondale, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6792+37.3%

Summary: The Avondale real estate market had 92 homes for sale in April 2024, a 37.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 42
-50.0%
2 1418
+28.6%
3 2030
+50.0%
4 812
+50.0%
5+ 2130
+42.9%

Summary: The Avondale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1719+11.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Avondale, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Avondale in April 2024, up by 11.8% month-over-month. Of the 19 sold homes, 42% were sold under asking, 21% were sold at asking, and 37% were sold over asking.

Days on Market for Avondale, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
50 Days17 Days-65.0%

Summary: Homes in Avondale had an average of 17 days on market in Apr 2024, down by 65% compared to last year.

Breakdown of Home Sale Times

15 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 Avondale are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 19 homes were sold in Avondale; 79% of homes were sold within 30 days, 21% 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 3 Days Ago

Newest Listings in Avondale, IL

Nearby Markets to Avondale, IL