Is Schiller Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Schiller Park has remained a Seller's Market.
Housing Prices in Schiller Park, IL
How much do homes in Schiller Park, IL cost?
Median Sold Price
$254,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Schiller Park was $254,000 in March 2024, down 0.4% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $106K | $115K | +8.5% |
2 Bedrooms | $152K | $158.4K | +4.2% |
3 Bedrooms | $309.2K | $320K | +3.5% |
4 Bedrooms | $344K | $337.4K | -1.9% |
5+ Bedrooms | $451.5K | $374.5K | -17.1% |
Summary: Schiller Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 17.1%.
Median Sold Price Compared To Nearby Cities
Franklin Park | $275K | $300K | +9.1% |
Leyden Township | $280K | $304.7K | +8.8% |
Chicago | $345.6K | $346.4K | 0.2% |
Schiller Park | $255K | $254K | -0.4% |
Housing Supply in Schiller Park, IL
How many homes are available in Schiller Park, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 38 | +26.7% |
Summary: The Schiller Park real estate market had 38 homes for sale in March 2024, a 26.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 11 | +120.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 12 | 10 | -16.7% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Schiller Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 120%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 12 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Schiller Park in March 2024, up by 100.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Schiller Park, IL
How long does it take to sell a home in Schiller Park, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 29 Days | -44.1% |
Summary: Homes in Schiller Park had an average of 29 days on market in Mar 2024, down by 44.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Schiller Park; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.