Is DuPage County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing DuPage County is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in DuPage County, IL

How much do homes in DuPage County, IL cost?

Median Sold Price

$379,895

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$19,903(+5.5%)

Key Takeaway

Homes in DuPage County have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in DuPage County was $379,895 in March 2024, up 5.5% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $135.1K$155K
+14.7%
2 $234.3K$255K
+8.8%
3 $344.4K$366.8K
+6.5%
4 $520.7K$556.9K
+7.0%
5+ $709.2K$797.3K
+12.4%

Summary: DuPage County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 12.4%.

Median Sold Price Compared To Nearby Counties

Kane County
+10.4%
Will County
+6.6%
DuPage County
+5.5%
Cook County
+3.5%

Housing Supply in DuPage County, IL

How many homes are available in DuPage County, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2,0712,542+22.7%

Summary: The DuPage County real estate market had 2,542 homes for sale in March 2024, a 22.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 8090
+12.5%
2 470595
+26.6%
3 739860
+16.4%
4 573732
+27.7%
5+ 209265
+26.8%

Summary: The DuPage County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 26.6%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 27.7%, and 5+ bedroom homes increased by 26.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
521721+38.4%

Asking Price vs. Sold Price

291 Homes Were Sold
Under Asking

92 Homes Were Sold
At Asking

338 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in DuPage County, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.

Summary: A total of 721 homes were sold or pending in DuPage County in March 2024, up by 38.4% month-over-month. Of the 721 sold homes, 40% were sold under asking, 13% were sold at asking, and 47% were sold over asking.

Days on Market for DuPage County, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
30 Days25 Days-15.9%

Summary: Homes in DuPage County had an average of 25 days on market in Mar 2024, down by 15.9% compared to last year.

Breakdown of Home Sale Times

561 Homes Were Sold
Under 30 Days

101 Homes Were Sold
In 30 - 90 Days

59 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 721 homes were sold in DuPage County; 78% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 8% 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 22 Days Ago

Newest Listings in DuPage County, IL

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