Is Itasca, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Itasca is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Itasca has remained a Seller's Market.

Key Takeaway

Itasca is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Itasca, IL

How much do homes in Itasca, IL cost?

Median Sold Price

$385,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,000(+5.5%)

Key Takeaway

Homes in Itasca have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Itasca was $385,000 in March 2024, up 5.5% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $285K-
N/A
2 $310.5K$335K
+7.9%
3 $343.5K$370K
+7.7%
4 $542.4K$557.5K
+2.8%
5+ $620K$711.5K
+14.8%

Summary: Itasca 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 increased by 7.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 14.8%.

Median Sold Price Compared To Nearby Cities

Roselle
+9.9%
Elk Grove Village
+9.3%
Addison Township
+5.9%
Itasca
+5.5%
Wood Dale
+1.6%

Housing Supply in Itasca, IL

How many homes are available in Itasca, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2124+14.3%

Summary: The Itasca real estate market had 24 homes for sale in March 2024, a 14.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 810
+25.0%
4 49
+125.0%
5+ 63
-50.0%

Summary: The Itasca housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 125%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Itasca, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Itasca in March 2024, up by 40.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.

Days on Market for Itasca, IL

How long does it take to sell a home in Itasca, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
17 Days29 Days+61.9%

Summary: Homes in Itasca had an average of 29 days on market in Mar 2024, up by 61.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 7 homes were sold in Itasca; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

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

Report Updated 24 Days Ago

Newest Listings in Itasca, IL

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