Is Indian Head 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, Indian Head Park has remained a Seller's Market.
Key Takeaway
Indian Head Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Indian Head Park, IL
How much do homes in Indian Head Park, IL cost?
Median Sold Price
$362,500
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Indian Head Park have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Indian Head Park was $362,500 in April 2024, up 13.3% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143K | - | N/A |
| 2 Bedrooms | $242.5K | $253K | +4.3% |
| 3 Bedrooms | $347.9K | $376K | +8.1% |
| 4 Bedrooms | $697.5K | $763.8K | +9.5% |
| 5+ Bedrooms | $651.7K | $1.0M | +63.8% |
Summary: Indian Head Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 63.8%.
Median Sold Price Compared To Nearby Cities
| Hinsdale | $989.5K | $1.2M | +22.8% |
| Indian Head Park | $320K | $362.5K | +13.3% |
| Lyons Township | $369K | $390K | +5.7% |
| Countryside | $355K | $341K | -3.9% |
| Burr Ridge | $715K | $672.8K | -5.9% |
Housing Supply in Indian Head Park, IL
How many homes are available in Indian Head Park, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 24 | +20.0% |
Summary: The Indian Head Park real estate market had 24 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Indian Head Park housing inventory by bedroom type for April 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 30%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indian Head Park, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Indian Head Park in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Indian Head Park, IL
How long does it take to sell a home in Indian Head Park, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 14 Days | -22.5% |
Summary: Homes in Indian Head Park had an average of 14 days on market in Apr 2024, down by 22.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Indian Head Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Indian Head Park; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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