Is Hinsdale, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Hinsdale was a Seller's Market.
Key Takeaway
Hinsdale is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hinsdale, IL
How much do homes in Hinsdale, IL cost?
Median Sold Price
$1,060,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Hinsdale have sold for 6% more than they did a year ago.
Summary: The median home sold price in Hinsdale was $1,060,000 in November 2023, up 6% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $405K | $309K | -23.7% |
| 3 Bedrooms | $685K | $700K | +2.2% |
| 4 Bedrooms | $1.0M | $987K | -6.2% |
| 5+ Bedrooms | $1.6M | $1.6M | -1.5% |
Summary: Hinsdale housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
| Hinsdale | $1.0M | $1.0M | +6.0% |
| Indian Head Park | $316K | $327.5K | +3.6% |
| Westmont | $336K | $340K | +1.2% |
| Western Springs | $699K | $675K | -3.4% |
| Burr Ridge | $740K | $660K | -10.8% |
Housing Supply in Hinsdale, IL
How many homes are available in Hinsdale, IL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 71 | 73 | +2.8% |
Summary: The Hinsdale real estate market had 73 homes for sale in November 2023, a 2.8% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 24 | 23 | -4.2% |
| 5+ Bedrooms | 28 | 27 | -3.6% |
Summary: The Hinsdale housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 3.6%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hinsdale, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Hinsdale in November 2023, the same as the previous month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Hinsdale, IL
How long does it take to sell a home in Hinsdale, IL?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 45 Days | 69 Days | +51.1% |
Summary: Homes in Hinsdale had an average of 69 days on market in Nov 2023, up by 51.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hinsdale are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 12 homes were sold in Hinsdale; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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