Is Edison Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Edison Park has remained a Seller's Market.
Housing Prices in Edison Park, IL
How much do homes in Edison Park, IL cost?
Median Sold Price
$387,500
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Edison Park was $387,500 in April 2024, up 4.7% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $141K | $154K | +9.2% |
2 Bedrooms | $220K | $225K | +2.3% |
3 Bedrooms | $407.5K | $426K | +4.5% |
4 Bedrooms | $605K | $586K | -3.1% |
5+ Bedrooms | $605K | $740K | +22.3% |
Summary: Edison Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 22.3%.
Housing Supply in Edison Park, IL
How many homes are available in Edison Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 47 | +2.2% |
Summary: The Edison Park real estate market had 47 homes for sale in April 2024, a 2.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Edison Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 15 | +7.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Edison Park in April 2024, up by 7.1% month-over-month. Of the 15 sold homes, 60% were sold under asking, 13% were sold at asking, and 27% were sold over asking.
Days on Market for Edison Park, IL
How long does it take to sell a home in Edison Park, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 25 Days | +106.7% |
Summary: Homes in Edison Park had an average of 25 days on market in Apr 2024, up by 106.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Edison Park; 73% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.