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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dunning is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Dunning, IL

How much do homes in Dunning, IL cost?

Median Sold Price

$350,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$23,666(+7.3%)

Key Takeaway

Homes in Dunning have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Dunning was $350,000 in April 2024, up 7.3% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $130K$130.2K
0.2%
2 $275K$265K
-3.6%
3 $345K$360K
+4.3%
4 $382.5K$406K
+6.1%
5+ $420K$462.5K
+10.1%

Summary: Dunning housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 10.1%.

Median Sold Price Compared To Nearby Neighborhoods

Addison Heights
+7.5%
Dunning
+7.3%

Housing Supply in Dunning, IL

How many homes are available in Dunning, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
111122+9.9%

Summary: The Dunning real estate market had 122 homes for sale in April 2024, a 9.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 31
-66.7%
2 2733
+22.2%
3 4249
+16.7%
4 3030
0.0%
5+ 99
0.0%

Summary: The Dunning housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3435+2.9%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dunning, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Summary: A total of 35 homes were sold or pending in Dunning in April 2024, up by 2.9% month-over-month. Of the 35 sold homes, 37% were sold under asking, 23% were sold at asking, and 40% were sold over asking.

Days on Market for Dunning, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
22 Days24 Days+11.0%

Summary: Homes in Dunning had an average of 24 days on market in Apr 2024, up by 11% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Dunning are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 35 homes were sold in Dunning; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% 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 3 Days Ago

Newest Listings in Dunning, IL

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