Is La Grange, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, La Grange has remained a Seller's Market.
Housing Prices in La Grange, IL
How much do homes in La Grange, IL cost?
Median Sold Price
$545,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in La Grange was $545,000 in June 2024, up 0.7% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $186.5K | +13.0% |
2 Bedrooms | $225K | $287.8K | +27.9% |
3 Bedrooms | $475K | $547.5K | +15.3% |
4 Bedrooms | $765K | $777K | +1.6% |
5+ Bedrooms | $950K | $885.6K | -6.8% |
Summary: La Grange housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 27.9%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Cities
Brookfield | $316.3K | $351.2K | +11.0% |
La Grange | $541.1K | $545K | +0.7% |
La Grange Park | $419.5K | $420K | 0.1% |
Countryside | $355K | $354.5K | -0.1% |
Housing Supply in La Grange, IL
How many homes are available in La Grange, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
83 | 90 | +8.4% |
Summary: The La Grange real estate market had 90 homes for sale in June 2024, a 8.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 25 | 27 | +8.0% |
4 Bedrooms | 31 | 32 | +3.2% |
5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The La Grange housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
23 | 29 | +26.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in La Grange in June 2024, up by 26.1% month-over-month. Of the 29 sold homes, 24% were sold under asking, 10% were sold at asking, and 66% were sold over asking.
Days on Market for La Grange, IL
How long does it take to sell a home in La Grange, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
23 Days | 13 Days | -42.2% |
Summary: Homes in La Grange had an average of 13 days on market in Jun 2024, down by 42.2% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 29 homes were sold in La Grange; 97% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.