Is La Salle, 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 Salle has remained a Seller's Market.
Housing Prices in La Salle, IL
How much do homes in La Salle, IL cost?
Median Sold Price
$116,750
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in La Salle was $116,750 in March 2024, down 2.7% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47.5K | - | N/A |
2 Bedrooms | $82.2K | $95K | +15.5% |
3 Bedrooms | $130K | $149.9K | +15.3% |
4 Bedrooms | $135K | $142.7K | +5.7% |
5+ Bedrooms | $171.9K | $169K | -1.7% |
Summary: La Salle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
LaSalle Township | $110K | $109K | -0.9% |
La Salle | $120K | $116.7K | -2.7% |
LaSalle | $115K | $107.5K | -6.5% |
Housing Supply in La Salle, IL
How many homes are available in La Salle, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 36 | +20.0% |
Summary: The La Salle real estate market had 36 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 14 | +75.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The La Salle 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 75%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 14 | +180.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in La Salle in March 2024, up by 180.0% month-over-month. Of the 14 sold homes, 79% were sold under asking, 0% were sold at asking, and 21% were sold over asking.
Days on Market for La Salle, IL
How long does it take to sell a home in La Salle, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 47 Days | +21.3% |
Summary: Homes in La Salle had an average of 47 days on market in Mar 2024, up by 21.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in La Salle; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.