Is Darien, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Darien is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Darien, IL

How much do homes in Darien, IL cost?

Median Sold Price

$396,000

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$55,700(+16.4%)

Key Takeaway

Homes in Darien have sold for 16.4% more than they did a year ago.

Summary: The median home sold price in Darien was $396,000 in June 2024, up 16.4% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $112K$130.5K
+16.5%
2 $270K$296K
+9.6%
3 $347.7K$399.4K
+14.9%
4 $460K$499K
+8.5%
5+ $615K$674.5K
+9.7%

Summary: Darien housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 9.7%.

Median Sold Price Compared To Nearby Cities

Darien
+16.4%
Downers Grove Township
+11.1%
Willowbrook
+7.3%
Westmont
+2.0%
Woodridge
+1.2%

Housing Supply in Darien, IL

How many homes are available in Darien, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
7375+2.7%

Summary: The Darien real estate market had 75 homes for sale in June 2024, a 2.7% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 21
-50.0%
2 2219
-13.6%
3 2529
+16.0%
4 1920
+5.3%
5+ 56
+20.0%

Summary: The Darien housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

May 2024Jun 2024CHANGE
3325-24.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Darien, you could pay more than the asking price. 68% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in Darien in June 2024, down by 24.2% month-over-month. Of the 25 sold homes, 16% were sold under asking, 16% were sold at asking, and 68% were sold over asking.

Days on Market for Darien, IL

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

Average Sale Time

Jun 2023Jun 2024CHANGE
11 Days12 Days+12.8%

Summary: Homes in Darien had an average of 12 days on market in Jun 2024, up by 12.8% compared to last year.

Breakdown of Home Sale Times

22 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 Darien are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 25 homes were sold in Darien; 88% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% 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 26 Days Ago

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