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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Grange Park is a seller's market

Buyer's
Market

Difference Since July 2021

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.

How much do homes in La Grange Park, IL cost?

Median Sold Price

$409,500

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$37,500(+10.1%)

Key Takeaway

Homes in La Grange Park have sold for 10.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $100.9K$109.2K
+8.2%
2 $260K$242K
-6.9%
3 $355.3K$395K
+11.2%
4 $524.9K$580K
+10.5%
5+ $615K$587.5K
-4.5%

Median Sold Price Compared To Nearby Cities

Westchester
+11.3%
La Grange Park
+10.1%
Proviso Township
+8.4%
Brookfield
+6.1%
La Grange
+3.1%

How many homes are available in La Grange Park, IL?

Number of Homes For Sale

Jun 2022Jul 2022%
60600.0%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 11
0.0%
2 1313
0.0%
3 2828
0.0%
4 1111
0.0%
5+ 77
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
2315-34.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Grange Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Jul 2021Jul 2022%
20 Days17 Days-17.7%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

3 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 Park 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 Park, IL

Number of homes for sale in La Grange Park, IL real estate market have reached 60. The median list price of listings available in July 2022 was $409,500, while the average time on the real estate market was 17 days. Listing prices have changed in this real estate market between June 2022 and July 2022: the cost of 1 bedroom properties went up by 8.2%, the cost of 2 bedrooms properties went down by 6.9%, prices of 3 bedrooms properties increased by 11.2%, 4 bedrooms properties prices increased by 10.5%, 5 bedrooms properties prices decreased by 4.5%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes stayed the same, volume of 3 bedrooms homes stayed the same, number of 4 bedrooms homes remained the same, 5 bedrooms homes inventory did not change. Over 4 listings were sold over their listed price in July 2022 in La Grange Park, IL. In the same period over 10 listings were sold below the listed price and 1 listings were sold for the listed price.

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