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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Buena Park is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Buena Park, IL

How much do homes in Buena Park, IL cost?

Median Sold Price

$285,000

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$7,750(-2.6%)

Key Takeaway

Homes in Buena Park have sold for 2.6% less than they did a year ago.

Summary: The median home sold price in Buena Park was $285,000 in April 2024, down 2.6% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $161K$175.1K
+8.8%
2 $310K$335K
+8.1%
3 $447.5K$477.5K
+6.7%
4 $1.0M$781K
-27.7%
5+ $1.4M$1.0M
-25.2%

Summary: Buena Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 27.7%, and 5+ bedroom homes decreased by 25.2%.

Median Sold Price Compared To Nearby Neighborhoods

Sheridan Park
+8.5%
Wrigleyville
+6.4%
Uptown
+6.0%
Buena Park
-2.6%

Housing Supply in Buena Park, IL

How many homes are available in Buena Park, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7082+17.1%

Summary: The Buena Park real estate market had 82 homes for sale in April 2024, a 17.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 2522
-12.0%
2 3034
+13.3%
3 814
+75.0%
4 37
+133.3%
5+ 45
+25.0%

Summary: The Buena Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1827+50.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Buena Park, you could pay more than the asking price. 59.3% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in Buena Park in April 2024, up by 50.0% month-over-month. Of the 27 sold homes, 37% were sold under asking, 4% were sold at asking, and 59% were sold over asking.

Days on Market for Buena Park, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
26 Days12 Days-54.3%

Summary: Homes in Buena Park had an average of 12 days on market in Apr 2024, down by 54.3% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 27 homes were sold in Buena Park; 89% of homes were sold within 30 days, 11% 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 1 Day Ago

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