Is Buena Park, 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, Buena Park has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $161K | $175.1K | +8.8% |
2 Bedrooms | $310K | $335K | +8.1% |
3 Bedrooms | $447.5K | $477.5K | +6.7% |
4 Bedrooms | $1.0M | $781K | -27.7% |
5+ Bedrooms | $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 | $401.8K | $436K | +8.5% |
Wrigleyville | $520K | $553.1K | +6.4% |
Uptown | $330.6K | $350.5K | +6.0% |
Buena Park | $292.7K | $285K | -2.6% |
Housing Supply in Buena Park, IL
How many homes are available in Buena Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 82 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 22 | -12.0% |
2 Bedrooms | 30 | 34 | +13.3% |
3 Bedrooms | 8 | 14 | +75.0% |
4 Bedrooms | 3 | 7 | +133.3% |
5+ Bedrooms | 4 | 5 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 27 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 12 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
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.