Is Hinsdale, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hinsdale was a Seller's Market.
Housing Prices in Hinsdale, IL
How much do homes in Hinsdale, IL cost?
Median Sold Price
$1,165,000
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hinsdale was $1,165,000 in March 2024, up 16.6% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $350K | $350K | 0.0% |
3 Bedrooms | $685K | $756.2K | +10.4% |
4 Bedrooms | $1.0M | $1.1M | +8.2% |
5+ Bedrooms | $1.6M | $1.7M | +2.7% |
Summary: Hinsdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
Hinsdale | $999.4K | $1.1M | +16.6% |
Indian Head Park | $320K | $350.4K | +9.5% |
Westmont | $340.1K | $347K | +2.0% |
Western Springs | $705.5K | $693.4K | -1.7% |
Burr Ridge | $735K | $640.3K | -12.9% |
Housing Supply in Hinsdale, IL
How many homes are available in Hinsdale, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
71 | 92 | +29.6% |
Summary: The Hinsdale real estate market had 92 homes for sale in March 2024, a 29.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 24 | 32 | +33.3% |
5+ Bedrooms | 28 | 39 | +39.3% |
Summary: The Hinsdale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 39.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 14 | +27.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Hinsdale in March 2024, up by 27.3% month-over-month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 57 Days | +48.2% |
Summary: Homes in Hinsdale had an average of 57 days on market in Mar 2024, up by 48.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Hinsdale; 50% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.