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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montclare is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

+$27,500(+8.4%)

Key Takeaway

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

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

# BEDSApr 2023Apr 2024CHANGE
1 $158K$128K
-19.0%
2 $250K$295K
+18.0%
3 $322K$346.5K
+7.6%
4 $387.5K$376.2K
-2.9%
5+ $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
+8.4%
Dunning
+7.3%
Northwest Side
+3.7%
Belmont Cragin
+0.9%

Housing Supply in Montclare, IL

How many homes are available in Montclare, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1620+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

# BEDSMar 2024Apr 2024CHANGE
1 23
+50.0%
2 77
0.0%
3 34
+33.3%
4 35
+66.7%
5+ 11
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 2024Apr 2024CHANGE
27+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montclare, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
35 Days12 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Montclare, IL

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