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 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

$295,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$10,024(+3.5%)

Key Takeaway

Homes in Proviso Township have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Proviso Township was $295,000 in April 2024, up 3.5% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $116.5K$134.9K
+15.8%
2 $245K$249.9K
+2.0%
3 $298.5K$305.5K
+2.3%
4 $319.9K$346.7K
+8.4%
5+ $382.5K$391.9K
+2.5%

Summary: Proviso Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.8%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 2.5%.

Median Sold Price Compared To Nearby Cities

Proviso Township
+3.5%
Bellwood
+3.4%
Broadview
+3.1%
Maywood
+2.1%

Housing Supply in Proviso Township, IL

How many homes are available in Proviso Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
455496+9.0%

Summary: The Proviso Township real estate market had 496 homes for sale in April 2024, a 9.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1318
+38.5%
2 114127
+11.4%
3 190206
+8.4%
4 9594
-1.1%
5+ 4351
+18.6%

Summary: The Proviso Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 38.5%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 18.6%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
122131+7.4%

Asking Price vs. Sold Price

41 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

68 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. 52.3% of homes here sold above asking price last month.

Summary: A total of 131 homes were sold or pending in Proviso Township in April 2024, up by 7.4% month-over-month. Of the 130 sold homes, 32% were sold under asking, 16% were sold at asking, and 52% 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

Apr 2023Apr 2024CHANGE
39 Days25 Days-35.4%

Summary: Homes in Proviso Township had an average of 25 days on market in Apr 2024, down by 35.4% compared to last year.

Breakdown of Home Sale Times

105 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

10 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 April 2024, 131 homes were sold in Proviso Township; 80% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 8% 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 22 Days Ago

Newest Listings in Proviso Township, IL

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