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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Proviso Township is a seller's market

Buyer's
Market

Difference Since April 2022

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

Key Takeaway

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

How much do homes in Proviso Township, IL cost?

Median Sold Price

$284,985

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2022

+$9,992(+3.6%)

Key Takeaway

Homes in Proviso Township have sold for 3.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2022Apr 2023%
1 $115.2K$115.7K
0.4%
2 $235.1K$245K
+4.2%
3 $284.5K$299.2K
+5.2%
4 $310K$319.9K
+3.2%
5+ $365K$382.5K
+4.8%

Median Sold Price Compared To Nearby Cities

Proviso Township
+3.6%
Bellwood
+2.2%
Maywood
+1.0%
Broadview
-2.0%

How many homes are available in Proviso Township, IL?

Number of Homes For Sale

Mar 2023Apr 2023%
539571+5.9%

Homes For Sale By Bedroom Count

# BEDSMar 2023Apr 2023%
1 3335
+6.1%
2 132129
-2.3%
3 244253
+3.7%
4 6891
+33.8%
5+ 6263
+1.6%

Number of Homes Sold

Mar 2023Apr 2023%
126142+12.7%

Asking Price vs. Sold Price

66 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

50 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Proviso Township, you may be able to get a good deal. 46.5% of homes here sold below asking price last month.

Average Sale Time

Apr 2022Apr 2023%
34 Days39 Days+13.8%

Breakdown of Home Sale Times

87 Homes Were Sold
Under 30 Days

34 Homes Were Sold
In 30 - 90 Days

21 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Proviso Township, IL

There are 571 homes are for sale in Proviso Township, IL real estate market. In April 2023 in Proviso Township, IL there were 5.9% more homes for sale than in March 2023. Listings spent 39 days on the market in April 2023, and had a median list price of $284,985 during the same period. Real estate listing prices changed between March 2023 and April 2023: the cost of 1 bedroom properties went up by 0.4%, 2 bedrooms properties prices increased by 4.2%, prices of 3 bedrooms properties increased by 5.2%, 4 bedrooms properties prices increased by 3.2%, prices of 5 bedrooms properties increased by 4.8%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went up by 6.1%, the quantity of 2 bedrooms homes went down by 2.3%, 3 bedrooms homes became 3.7% more available, volume of 4 bedrooms homes went up by 33.8%, the quantity of 5 bedrooms homes went up by 1.6%. In April 2023, from all listings sold in Proviso Township, IL there were more than 50 sold above asking price, over 66 sold below and more than 26 were sold right at the asked price.

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