Is Villa Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Villa Park has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175.5K | $185K | +5.4% |
2 Bedrooms | $235K | $260K | +10.6% |
3 Bedrooms | $303.5K | $329.9K | +8.7% |
4 Bedrooms | $367.5K | $380.7K | +3.6% |
5+ Bedrooms | $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 | $294.9K | $320K | +8.5% |
Lombard | $313.6K | $330K | +5.2% |
York Township | $363.1K | $380.6K | +4.8% |
Elmhurst | $529.3K | $532K | 0.5% |
Housing Supply in Villa Park, IL
How many homes are available in Villa Park, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
76 | 80 | +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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 22 | 20 | -9.1% |
3 Bedrooms | 34 | 47 | +38.2% |
4 Bedrooms | 13 | 8 | -38.5% |
5+ Bedrooms | 4 | 3 | -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 2024 | Jun 2024 | CHANGE |
---|---|---|
27 | 20 | -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
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 2023 | Jun 2024 | CHANGE |
---|---|---|
14 Days | 12 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
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.