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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Salle is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

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

-$3,250(-2.7%)

Key Takeaway

Homes in La Salle have sold for 2.7% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $47.5K-
N/A
2 $82.2K$95K
+15.5%
3 $130K$149.9K
+15.3%
4 $135K$142.7K
+5.7%
5+ $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
-0.9%
La Salle
-2.7%
LaSalle
-6.5%

Housing Supply in La Salle, IL

How many homes are available in La Salle, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3036+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 814
+75.0%
3 1111
0.0%
4 78
+14.3%
5+ 43
-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 2024Mar 2024CHANGE
514+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Salle, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
39 Days47 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in La Salle are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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