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 seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Schiller Park, IL

How much do homes in Schiller Park, IL cost?

Median Sold Price

$265,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,500(+2.9%)

Key Takeaway

Homes in Schiller Park have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Schiller Park was $265,000 in November 2024, up 2.9% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $115K$125K
+8.7%
2 $155.7K$185K
+18.8%
3 $302.9K$334.9K
+10.6%
4 $337.4K$360K
+6.7%
5+ $480K$416K
-13.3%

Summary: Schiller Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 13.3%.

Median Sold Price Compared To Nearby Cities

Chicago
+7.1%
Leyden Township
+6.5%
Franklin Park
+6.2%
Schiller Park
+2.9%

Housing Supply in Schiller Park, IL

How many homes are available in Schiller Park, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3534-2.9%

Summary: The Schiller Park real estate market had 34 homes for sale in November 2024, a 2.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 76
-14.3%
2 97
-22.2%
3 1113
+18.2%
4 56
+20.0%
5+ 32
-33.3%

Summary: The Schiller Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 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. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Schiller Park in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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

Nov 2023Nov 2024CHANGE
10 Days24 Days+129.8%

Summary: Homes in Schiller Park had an average of 24 days on market in Nov 2024, up by 129.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 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.

Summary: During November 2024, 8 homes were sold in Schiller Park; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 13 Days Ago

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