Is Schiller Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Schiller Park is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Schiller Park was a Seller's Market.

Key Takeaway

Schiller Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Schiller Park, IL cost?

Median Sold Price

$255,000

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$15,000(+6.3%)

Key Takeaway

Homes in Schiller Park have sold for 6.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $94.4K$105K
+11.2%
2 $164.5K$165.5K
+0.6%
3 $286K$320K
+11.9%
4 $339.4K$344K
+1.3%
5+ $355K$456K
+28.5%

Median Sold Price Compared To Nearby Cities

Schiller Park
+6.3%
Franklin Park
+3.8%
Leyden Township
+3.7%
Chicago
+2.5%

How many homes are available in Schiller Park, IL?

Number of Homes For Sale

Sep 2022Oct 2022%
4246+9.5%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 43
-25.0%
2 1511
-26.7%
3 1524
+60.0%
4 23
+50.0%
5+ 65
-16.7%

Number of Homes Sold

Sep 2022Oct 2022%
136-53.8%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Schiller Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
10 Days90 Days+806.7%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Schiller Park 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 Schiller Park, IL

There are 46 homes are for sale in Schiller Park, IL real estate market. The number of listings in Schiller Park, IL increased by 9.5% between September 2022 and October 2022. In October 2022, listings were on the market for 90 days. During the same period, the median list price in this real estate market was $255,000. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 11.2%, 2 bedrooms properties became 0.6% more expensive, 3 bedrooms properties prices increased by 11.9%, the cost of 4 bedrooms properties went up by 1.3%, 5 bedrooms properties prices increased by 28.5%. Volume of homes for sale changed: the quantity of 1 bedroom homes went down by 25%, 2 bedrooms homes inventory decreased by 26.7%, volume of 3 bedrooms homes went up by 60%, 4 bedrooms homes became 50% more available, 5 bedrooms homes inventory decreased by 16.7%. In October 2022 more than 0 listings in Schiller Park, IL were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 4 were sold below.

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