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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing LaSalle County is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in LaSalle County, IL

How much do homes in LaSalle County, IL cost?

Median Sold Price

$149,933

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$13,433(+9.8%)

Key Takeaway

Homes in LaSalle County have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in LaSalle County was $149,933 in March 2024, up 9.8% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $47K$53K
+12.8%
2 $103.3K$108.3K
+4.8%
3 $148.9K$157.5K
+5.7%
4 $187.5K$190K
+1.3%
5+ $184K$192.5K
+4.6%

Summary: LaSalle County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 4.6%.

Median Sold Price Compared To Nearby Counties

LaSalle County
+9.8%
Grundy County
+3.3%
Livingston County
+1.8%
Marshall County
+1.4%
Putnam County
-13.0%

Housing Supply in LaSalle County, IL

How many homes are available in LaSalle County, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
259290+12.0%

Summary: The LaSalle County real estate market had 290 homes for sale in March 2024, a 12.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 56
+20.0%
2 5160
+17.6%
3 133139
+4.5%
4 4556
+24.4%
5+ 2529
+16.0%

Summary: The LaSalle County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 24.4%, and 5+ bedroom homes increased by 16%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
6077+28.3%

Asking Price vs. Sold Price

48 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in LaSalle County, you may be able to get a good deal. 62.3% of homes here sold below asking price last month.

Summary: A total of 77 homes were sold or pending in LaSalle County in March 2024, up by 28.3% month-over-month. Of the 77 sold homes, 62% were sold under asking, 14% were sold at asking, and 23% were sold over asking.

Days on Market for LaSalle County, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
57 Days40 Days-30.2%

Summary: Homes in LaSalle County had an average of 40 days on market in Mar 2024, down by 30.2% compared to last year.

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 77 homes were sold in LaSalle County; 60% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 16% 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 25 Days Ago

Newest Listings in LaSalle County, IL

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