Is Montclare, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Montclare has remained a Seller's Market.
Housing Prices in Montclare, IL
How much do homes in Montclare, IL cost?
Median Sold Price
$355,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Montclare was $355,000 in April 2024, up 8.4% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $158K | $128K | -19.0% |
2 Bedrooms | $250K | $295K | +18.0% |
3 Bedrooms | $322K | $346.5K | +7.6% |
4 Bedrooms | $387.5K | $376.2K | -2.9% |
5+ Bedrooms | $457.5K | $520K | +13.7% |
Summary: Montclare housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Neighborhoods
Montclare | $327.5K | $355K | +8.4% |
Dunning | $326.3K | $350K | +7.3% |
Northwest Side | $366.2K | $379.8K | +3.7% |
Belmont Cragin | $339.5K | $342.5K | +0.9% |
Housing Supply in Montclare, IL
How many homes are available in Montclare, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 20 | +25.0% |
Summary: The Montclare real estate market had 20 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Montclare housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 7 | +250.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Montclare in April 2024, up by 250.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Montclare, IL
How long does it take to sell a home in Montclare, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 12 Days | -65.0% |
Summary: Homes in Montclare had an average of 12 days on market in Apr 2024, down by 65% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Montclare; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.