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 March 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

$386,583

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$46,583(+13.7%)

Key Takeaway

Homes in Darien have sold for 13.7% more than they did a year ago.

Summary: The median home sold price in Darien was $386,583 in March 2024, up 13.7% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $112K$126K
+12.5%
2 $271.5K$292K
+7.6%
3 $347.5K$390K
+12.2%
4 $443.2K$498.6K
+12.5%
5+ $635K$650K
+2.4%

Summary: Darien housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 2.4%.

Median Sold Price Compared To Nearby Cities

Willowbrook
+16.3%
Darien
+13.7%
Downers Grove Township
+4.0%
Westmont
+2.0%
Woodridge
+1.0%

Housing Supply in Darien, IL

How many homes are available in Darien, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5464+18.5%

Summary: The Darien real estate market had 64 homes for sale in March 2024, a 18.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 1413
-7.1%
3 2023
+15.0%
4 1624
+50.0%
5+ 43
-25.0%

Summary: The Darien housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2120-4.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Darien, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Darien in March 2024, down by 4.8% month-over-month. Of the 20 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% 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

Mar 2023Mar 2024CHANGE
13 Days24 Days+84.3%

Summary: Homes in Darien had an average of 24 days on market in Mar 2024, up by 84.3% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were 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 March 2024, 20 homes were sold in Darien; 85% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 15% 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 18 Days Ago

Newest Listings in Darien, IL

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