Is Des Plaines, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Des Plaines has remained a Seller's Market.
Housing Prices in Des Plaines, IL
How much do homes in Des Plaines, IL cost?
Median Sold Price
$309,350
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Des Plaines was $309,350 in June 2024, up 4.9% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133.5K | $145K | +8.6% |
2 Bedrooms | $235.1K | $247K | +5.0% |
3 Bedrooms | $330K | $359.9K | +9.1% |
4 Bedrooms | $402.5K | $435K | +8.1% |
5+ Bedrooms | $545K | $580K | +6.4% |
Summary: Des Plaines housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
Maine Township | $330.4K | $370.7K | +12.2% |
Park Ridge | $489K | $534.3K | +9.3% |
Mount Prospect | $361K | $380K | +5.3% |
Des Plaines | $295K | $309.3K | +4.9% |
Housing Supply in Des Plaines, IL
How many homes are available in Des Plaines, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
234 | 243 | +3.8% |
Summary: The Des Plaines real estate market had 243 homes for sale in June 2024, a 3.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 14 | 0.0% |
2 Bedrooms | 81 | 92 | +13.6% |
3 Bedrooms | 98 | 91 | -7.1% |
4 Bedrooms | 26 | 32 | +23.1% |
5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Des Plaines housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
88 | 58 | -34.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in Des Plaines in June 2024, down by 34.1% month-over-month. Of the 58 sold homes, 31% were sold under asking, 12% were sold at asking, and 57% were sold over asking.
Days on Market for Des Plaines, IL
How long does it take to sell a home in Des Plaines, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
12 Days | 14 Days | +9.3% |
Summary: Homes in Des Plaines had an average of 14 days on market in Jun 2024, up by 9.3% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 58 homes were sold in Des Plaines; 91% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.