Is Avondale, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Avondale has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $212K | +8.7% |
2 Bedrooms | $311.2K | $355.5K | +14.2% |
3 Bedrooms | $515K | $509K | -1.2% |
4 Bedrooms | $595K | $660K | +10.9% |
5+ Bedrooms | $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 | $476.6K | $470.5K | -1.3% |
Little Cassubia | $468.5K | $455K | -2.9% |
Kosciuszko Park | $535K | $485K | -9.3% |
Housing Supply in Avondale, IL
How many homes are available in Avondale, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 92 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 14 | 18 | +28.6% |
3 Bedrooms | 20 | 30 | +50.0% |
4 Bedrooms | 8 | 12 | +50.0% |
5+ Bedrooms | 21 | 30 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 19 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 17 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
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.