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 September 2023

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.

Housing Prices in Proviso Township, IL

How much do homes in Proviso Township, IL cost?

Median Sold Price

$309,081

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$24,116(+8.5%)

Key Takeaway

Homes in Proviso Township have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Proviso Township was $309,081 in September 2024, up 8.5% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $125.5K$140K
+11.6%
2 $241K$262.7K
+9.0%
3 $297K$324.8K
+9.3%
4 $317.4K$360K
+13.4%
5+ $370K$404K
+9.2%

Summary: Proviso Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 9.2%.

Median Sold Price Compared To Nearby Cities

Proviso Township
+8.5%
Bellwood
+8.1%
Broadview
+7.5%
Maywood
+2.1%

Housing Supply in Proviso Township, IL

How many homes are available in Proviso Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
432443+2.5%

Summary: The Proviso Township real estate market had 443 homes for sale in September 2024, a 2.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 2320
-13.0%
2 99101
+2.0%
3 190191
0.5%
4 7791
+18.2%
5+ 4340
-7.0%

Summary: The Proviso Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
13596-28.9%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

45 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Proviso Township, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.

Summary: A total of 96 homes were sold or pending in Proviso Township in September 2024, down by 28.9% month-over-month. Of the 96 sold homes, 35% were sold under asking, 18% were sold at asking, and 47% were sold over asking.

Days on Market for Proviso Township, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
30 Days24 Days-20.0%

Summary: Homes in Proviso Township had an average of 24 days on market in Sep 2024, down by 20% compared to last year.

Breakdown of Home Sale Times

77 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

5 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.

Summary: During September 2024, 96 homes were sold in Proviso Township; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% 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 30 Days Ago

Newest Listings in Proviso Township, IL

Nearby Markets to Proviso Township, IL

What housing markets are near Proviso Township, IL?