Is Des Plaines, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
Since last year, Des Plaines has remained a Seller's Market.
How much do homes in Des Plaines, IL cost?
Median Sold Price
$300,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
Median Sold Price By Bedroom Count
# BEDS | Dec 2021 | Dec 2022 | % |
---|---|---|---|
1 Bedroom | $120K | $134K | +11.7% |
2 Bedrooms | $219.9K | $240.6K | +9.4% |
3 Bedrooms | $320K | $335.5K | +4.8% |
4 Bedrooms | $391K | $399.9K | +2.3% |
5+ Bedrooms | $434K | $471K | +8.5% |
Median Sold Price Compared To Nearby Cities
Park Ridge | $465.3K | $490K | +5.3% |
Mount Prospect | $335.6K | $350.5K | +4.4% |
Des Plaines | $290.5K | $300K | +3.3% |
Maine Township | $324.9K | $331.4K | +2.0% |
How many homes are available in Des Plaines, IL?
Number of Homes For Sale
Nov 2022 | Dec 2022 | % |
---|---|---|
192 | 152 | -20.8% |
Homes For Sale By Bedroom Count
# BEDS | Nov 2022 | Dec 2022 | % |
---|---|---|---|
1 Bedroom | 12 | 9 | -25.0% |
2 Bedrooms | 56 | 42 | -25.0% |
3 Bedrooms | 79 | 61 | -22.8% |
4 Bedrooms | 38 | 33 | -13.2% |
5+ Bedrooms | 7 | 7 | 0.0% |
Number of Homes Sold
Nov 2022 | Dec 2022 | % |
---|---|---|
67 | 40 | -40.3% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Average Sale Time
Dec 2021 | Dec 2022 | % |
---|---|---|
32 Days | 29 Days | -8.2% |
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days