Is Indian Head Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Indian Head Park is a neutral's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Indian Head Park was a Seller's Market.

Key Takeaway

Indian Head Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Indian Head Park, IL cost?

Median Sold Price

$305,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$13,000(+4.5%)

Key Takeaway

Homes in Indian Head Park have sold for 4.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $128.9K$156.2K
+21.2%
2 $225K$230.1K
+2.3%
3 $299.9K$327.4K
+9.2%
4 $506K$661.7K
+30.8%
5+ $625.5K$730K
+16.7%

Median Sold Price Compared To Nearby Cities

Burr Ridge
+21.6%
Countryside
+17.5%
Hinsdale
+5.5%
Indian Head Park
+4.5%
Lyons Township
+4.5%

How many homes are available in Indian Head Park, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
2126+23.8%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 23
+50.0%
2 69
+50.0%
3 108
-20.0%
4 14
+300.0%
5+ 22
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
54-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Indian Head Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
48 Days17 Days-64.6%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Indian Head Park, IL

Number of homes for sale in Indian Head Park, IL real estate market have reached 26. Between August 2022 and September 2022, Indian Head Park, IL real estate market has seen increase in the number of listings by 23.8%. The median list price of listings available in September 2022 was $305,000, while the average time on the real estate market was 17 days. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 21.2%, the cost of 2 bedrooms properties went up by 2.3%, 3 bedrooms properties prices increased by 9.2%, 4 bedrooms properties prices increased by 30.8%, 5 bedrooms properties prices increased by 16.7%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went up by 50%, number of 2 bedrooms homes increased by 50%, the quantity of 3 bedrooms homes went down by 20%, 4 bedrooms homes inventory increased by 300%, the quantity of 5 bedrooms homes have not changed. Over 0 listings were sold over their listed price in September 2022 in Indian Head Park, IL. In the same period over 2 listings were sold below the listed price and 2 listings were sold for the listed price.

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