Is Little Village, 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, Little Village has remained a Seller's Market.
Housing Prices in Little Village, IL
How much do homes in Little Village, IL cost?
Median Sold Price
$265,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Little Village was $265,500 in March 2024, down 1.7% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $129.9K | N/A |
2 Bedrooms | $197.5K | $185K | -6.3% |
3 Bedrooms | $204.5K | $228K | +11.5% |
4 Bedrooms | $215K | $265K | +23.3% |
5+ Bedrooms | $290K | $288.5K | -0.5% |
Summary: Little Village 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 decreased by 6.3%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Neighborhoods
Brighton Park | $285K | $310.4K | +8.9% |
North Lawndale | $254.5K | $267.5K | +5.1% |
Archer Heights | $290K | $301.5K | +4.0% |
Little Village | $270K | $265.5K | -1.7% |
Housing Supply in Little Village, IL
How many homes are available in Little Village, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 57 | +14.0% |
Summary: The Little Village real estate market had 57 homes for sale in March 2024, a 14.0% 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 | 4 | 4 | 0.0% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 29 | 37 | +27.6% |
Summary: The Little Village 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 27.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Little Village in March 2024, up by 42.9% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for Little Village, IL
How long does it take to sell a home in Little Village, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 16 Days | -57.7% |
Summary: Homes in Little Village had an average of 16 days on market in Mar 2024, down by 57.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Little Village; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.