Is Leyden Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Leyden Township is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Leyden Township, IL

How much do homes in Leyden Township, IL cost?

Median Sold Price

$308,987

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$23,841(+8.4%)

Key Takeaway

Homes in Leyden Township have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Leyden Township was $308,987 in June 2024, up 8.4% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $110K$126K
+14.5%
2 $230K$212.5K
-7.6%
3 $302.4K$321.5K
+6.3%
4 $338.7K$375K
+10.7%
5+ $457.5K$460K
0.5%

Summary: Leyden Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.5%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 0.5%.

Median Sold Price Compared To Nearby Cities

Franklin Park
+12.7%
Leyden Township
+8.4%
Norridge
+6.9%
River Grove
+5.0%
Schiller Park
-4.2%

Housing Supply in Leyden Township, IL

How many homes are available in Leyden Township, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
247259+4.9%

Summary: The Leyden Township real estate market had 259 homes for sale in June 2024, a 4.9% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 3028
-6.7%
2 5057
+14.0%
3 9495
+1.1%
4 5460
+11.1%
5+ 1919
0.0%

Summary: The Leyden Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
8661-29.1%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Leyden Township, you could pay more than the asking price. 49.2% of homes here sold above asking price last month.

Summary: A total of 61 homes were sold or pending in Leyden Township in June 2024, down by 29.1% month-over-month. Of the 61 sold homes, 34% were sold under asking, 16% were sold at asking, and 49% were sold over asking.

Days on Market for Leyden Township, IL

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

Average Sale Time

Jun 2023Jun 2024CHANGE
25 Days26 Days+6.0%

Summary: Homes in Leyden Township had an average of 26 days on market in Jun 2024, up by 6% compared to last year.

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 61 homes were sold in Leyden Township; 75% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 7% 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 15 Days Ago

Newest Listings in Leyden Township, IL

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