Is LaSalle, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing LaSalle is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in LaSalle, IL

How much do homes in LaSalle, IL cost?

Median Sold Price

$107,500

$90/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$7,500(-6.5%)

Key Takeaway

Homes in LaSalle have sold for 6.5% less than they did a year ago.

Summary: The median home sold price in LaSalle was $107,500 in March 2024, down 6.5% from last year, and the median price per square foot was $90.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $47.5K-
N/A
2 $80.5K$95K
+18.0%
3 $130K$146K
+12.3%
4 $129.7K$117.2K
-9.6%
5+ $159.9K$169K
+5.7%

Summary: LaSalle 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 18%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes increased by 5.7%.

Median Sold Price Compared To Nearby Cities

Peru Township
+32.0%
Peru
+32.0%
LaSalle Township
-0.9%
La Salle
-2.7%
LaSalle
-6.5%

Housing Supply in LaSalle, IL

How many homes are available in LaSalle, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2834+21.4%

Summary: The LaSalle real estate market had 34 homes for sale in March 2024, a 21.4% 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 56
+20.0%
5+ 43
-25.0%

Summary: The LaSalle 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 20%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
513+160.0%

Asking Price vs. Sold Price

10 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 LaSalle, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in LaSalle in March 2024, up by 160.0% month-over-month. Of the 13 sold homes, 77% were sold under asking, 0% were sold at asking, and 23% were sold over asking.

Days on Market for LaSalle, IL

How long does it take to sell a home in LaSalle, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
39 Days49 Days+24.6%

Summary: Homes in LaSalle had an average of 49 days on market in Mar 2024, up by 24.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 13 homes were sold in LaSalle; 54% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 23% 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 23 Days Ago

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