Is Clarendon Hills, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clarendon Hills is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Clarendon Hills, IL cost?

Median Sold Price

$527,500

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

-$72,500(-12.1%)

Key Takeaway

Homes in Clarendon Hills have sold for 12.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $95K$112.4K
+18.4%
2 $236.7K$251.2K
+6.1%
3 $435K$455K
+4.6%
4 $839.5K$847.6K
+1.0%
5+ $1.1M$1.2M
+9.3%

Median Sold Price Compared To Nearby Cities

Hinsdale
+11.7%
Westmont
+8.6%
Downers Grove Township
+3.4%
Clarendon Hills
-12.1%

How many homes are available in Clarendon Hills, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
4342-2.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 23
+50.0%
2 54
-20.0%
3 1513
-13.3%
4 1617
+6.3%
5+ 55
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
990.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clarendon Hills, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
32 Days33 Days+3.4%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Clarendon Hills, IL

Number of homes for sale in Clarendon Hills, IL real estate market have reached 42. In November 2022 in Clarendon Hills, IL there were 2.3% less homes for sale than in October 2022. In November 2022 median list price was $527,500 and the average listing age was 33 days. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties prices increased by 18.4%, prices of 2 bedrooms properties went up by 6.1%, 3 bedrooms properties became 4.6% more expensive, 4 bedrooms properties prices increased by 1%, prices of 5 bedrooms properties went up by 9.3%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 50% more available, volume of 2 bedrooms homes went down by 20%, number of 3 bedrooms homes decreased by 13.3%, number of 4 bedrooms homes increased by 6.3%, volume of 5 bedrooms homes stayed the same. Clarendon Hills, IL housing market in November 2022 saw over 4 listings sold above listed price, more than 1 sold at listed price and over 4 sold below.

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