Is La Grange, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Grange is a seller's market

Buyer's
Market

Difference Since December 2021

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

Key Takeaway

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

How much do homes in La Grange, IL cost?

Median Sold Price

$560,000

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$68,333(+13.9%)

Key Takeaway

Homes in La Grange have sold for 13.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $148.5K$162.5K
+9.4%
2 $188.7K$219.5K
+16.3%
3 $450.5K$512.5K
+13.8%
4 $625K$745K
+19.2%
5+ $775K$950K
+22.6%

Median Sold Price Compared To Nearby Cities

La Grange Park
+17.1%
La Grange
+13.9%
Brookfield
+2.0%

How many homes are available in La Grange, IL?

Number of Homes For Sale

Nov 2022Dec 2022%
6760-10.4%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 54
-20.0%
2 1315
+15.4%
3 2220
-9.1%
4 1916
-15.8%
5+ 85
-37.5%

Number of Homes Sold

Nov 2022Dec 2022%
1714-17.6%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Grange, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
20 Days26 Days+30.5%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in La Grange 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 La Grange, IL

Homes for sale in La Grange, IL have reached 60. Between November 2022 and December 2022, La Grange, IL real estate market has seen decrease in the number of listings by 10.4%. Listings spent 26 days on the market in December 2022, and had a median list price of $560,000 during the same period. From November 2022 through December 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 9.4%, prices of 2 bedrooms properties increased by 16.3%, the cost of 3 bedrooms properties went up by 13.8%, the cost of 4 bedrooms properties went up by 19.2%, prices of 5 bedrooms properties increased by 22.6%. Volume of homes for sale changed: number of 1 bedroom homes decreased by 20%, number of 2 bedrooms homes increased by 15.4%, volume of 3 bedrooms homes went down by 9.1%, number of 4 bedrooms homes decreased by 15.8%, volume of 5 bedrooms homes went down by 37.5%. While more than 2 listings in La Grange, IL in December 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 12 were sold below.

Related Housing Market Reports