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 June 2023
Since last year, La Grange Park has remained a Seller's Market.
Housing Prices in La Grange Park, IL
How much do homes in La Grange Park, IL cost?
Median Sold Price
$420,000
$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 Park was $420,000 in June 2024, up 0.1% 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 | $110K | $357.5K | +225.0% |
2 Bedrooms | $300K | $305K | +1.7% |
3 Bedrooms | $395K | $405K | +2.5% |
4 Bedrooms | $657.5K | $715K | +8.7% |
5+ Bedrooms | $630K | $857.5K | +36.1% |
Summary: La Grange Park housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 225%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 36.1%.
Median Sold Price Compared To Nearby Cities
Brookfield | $316.3K | $351.2K | +11.0% |
Westchester | $315K | $343K | +8.9% |
Proviso Township | $283.2K | $300K | +5.9% |
La Grange | $541.1K | $545K | +0.7% |
La Grange Park | $419.5K | $420K | 0.1% |
Housing Supply in La Grange Park, IL
How many homes are available in La Grange Park, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
32 | 37 | +15.6% |
Summary: The La Grange Park real estate market had 37 homes for sale in June 2024, a 15.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 1 | -80.0% |
3 Bedrooms | 23 | 24 | +4.3% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 1 | 5 | +400.0% |
Summary: The La Grange Park housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 80%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 400%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
14 | 11 | -21.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in La Grange Park in June 2024, down by 21.4% month-over-month. Of the 11 sold homes, 18% were sold under asking, 9% were sold at asking, and 73% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
15 Days | 13 Days | -10.3% |
Summary: Homes in La Grange Park had an average of 13 days on market in Jun 2024, down by 10.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 11 homes were sold in La Grange Park; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.