Is Itasca, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Itasca has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | - | N/A |
2 Bedrooms | $310.5K | $335K | +7.9% |
3 Bedrooms | $343.5K | $370K | +7.7% |
4 Bedrooms | $542.4K | $557.5K | +2.8% |
5+ Bedrooms | $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 | $282K | $310K | +9.9% |
Elk Grove Village | $310.7K | $339.5K | +9.3% |
Addison Township | $324.8K | $344K | +5.9% |
Itasca | $365K | $385K | +5.5% |
Wood Dale | $310K | $315K | +1.6% |
Housing Supply in Itasca, IL
How many homes are available in Itasca, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 24 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 4 | 9 | +125.0% |
5+ Bedrooms | 6 | 3 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 7 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 29 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
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.