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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Villa Park is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Villa Park has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Villa Park, IL

How much do homes in Villa Park, IL cost?

Median Sold Price

$320,000

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$25,033(+8.5%)

Key Takeaway

Homes in Villa Park have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Villa Park was $320,000 in June 2024, up 8.5% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $175.5K$185K
+5.4%
2 $235K$260K
+10.6%
3 $303.5K$329.9K
+8.7%
4 $367.5K$380.7K
+3.6%
5+ $429.9K$471.5K
+9.7%

Summary: Villa Park housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 9.7%.

Median Sold Price Compared To Nearby Cities

Villa Park
+8.5%
Lombard
+5.2%
York Township
+4.8%
Elmhurst
0.5%

Housing Supply in Villa Park, IL

How many homes are available in Villa Park, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
7680+5.3%

Summary: The Villa Park real estate market had 80 homes for sale in June 2024, a 5.3% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 32
-33.3%
2 2220
-9.1%
3 3447
+38.2%
4 138
-38.5%
5+ 43
-25.0%

Summary: The Villa Park housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 38.2%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

May 2024Jun 2024CHANGE
2720-25.9%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Villa Park, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in Villa Park in June 2024, down by 25.9% month-over-month. Of the 20 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Villa Park, IL

How long does it take to sell a home in Villa Park, IL?

Average Sale Time

Jun 2023Jun 2024CHANGE
14 Days12 Days-17.8%

Summary: Homes in Villa Park had an average of 12 days on market in Jun 2024, down by 17.8% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Villa Park are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 20 homes were sold in Villa Park; 85% of homes were sold within 30 days, 15% 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 26 Days Ago

Newest Listings in Villa Park, IL

Nearby Markets to Villa Park, IL

What housing markets are near Villa Park, IL?