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 buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Clarendon Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Clarendon Hills, IL

How much do homes in Clarendon Hills, IL cost?

Median Sold Price

$529,000

$278/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$73,500(-12.2%)

Key Takeaway

Homes in Clarendon Hills have sold for 12.2% less than they did a year ago.

Summary: The median home sold price in Clarendon Hills was $529,000 in February 2024, down 12.2% from last year, and the median price per square foot was $278.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $115K$135K
+17.4%
2 $252.5K$300K
+18.8%
3 $499.9K$400K
-20.0%
4 $868.7K$925K
+6.5%
5+ $1.2M$1.3M
+7.4%

Summary: Clarendon Hills housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.4%, 2 bedroom homes increased by 18.8%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 7.4%.

Median Sold Price Compared To Nearby Cities

Hinsdale
+9.4%
Westmont
+1.7%
Downers Grove Township
-0.6%
Clarendon Hills
-12.2%

Housing Supply in Clarendon Hills, IL

How many homes are available in Clarendon Hills, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1630+87.5%

Summary: The Clarendon Hills real estate market had 30 homes for sale in February 2024, a 87.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 11
0.0%
3 310
+233.3%
4 89
+12.5%
5+ 39
+200.0%

Summary: The Clarendon Hills housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 233.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Clarendon Hills in February 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Clarendon Hills, IL

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

Average Sale Time

Feb 2023Feb 2024CHANGE
22 Days8 Days-61.4%

Summary: Homes in Clarendon Hills had an average of 8 days on market in Feb 2024, down by 61.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

Summary: During February 2024, 4 homes were sold in Clarendon Hills; 100% of homes were sold within 30 days, 0% 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 2 Days Ago

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