Is La Grange Park, 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, La Grange Park has remained a Seller's Market.
Key Takeaway
La Grange Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in La Grange Park, IL
How much do homes in La Grange Park, IL cost?
Median Sold Price
$412,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in La Grange Park have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in La Grange Park was $412,000 in March 2024, down 3.6% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $357.5K | +225.0% |
| 2 Bedrooms | $282K | $302.5K | +7.3% |
| 3 Bedrooms | $418.5K | $390K | -6.8% |
| 4 Bedrooms | $620K | $716K | +15.5% |
| 5+ Bedrooms | $649.9K | $745K | +14.6% |
Summary: La Grange Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 225%, 2 bedroom homes increased by 7.3%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Cities
| Brookfield | $309.9K | $349.5K | +12.8% |
| Westchester | $316.9K | $325K | +2.5% |
| Proviso Township | $285K | $290K | +1.8% |
| La Grange | $549K | $530.3K | -3.4% |
| La Grange Park | $427.5K | $412K | -3.6% |
Housing Supply in La Grange Park, IL
How many homes are available in La Grange Park, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 35 | +20.7% |
Summary: The La Grange Park real estate market had 35 homes for sale in March 2024, a 20.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The La Grange Park 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 increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Grange Park, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in La Grange Park in March 2024, up by 66.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for La Grange Park, IL
How long does it take to sell a home in La Grange Park, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 18 Days | -50.5% |
Summary: Homes in La Grange Park had an average of 18 days on market in Mar 2024, down by 50.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in La Grange Park are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in La Grange Park; 80% of homes were sold within 30 days, 20% 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.
Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.