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 February 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

$307,000

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$4,500(+1.5%)

Key Takeaway

Homes in Villa Park have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Villa Park was $307,000 in February 2024, up 1.5% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $167.5K$180K
+7.5%
2 $247.9K$249.9K
+0.8%
3 $307.5K$315.5K
+2.6%
4 $391K$394K
+0.8%
5+ $421.7K$511.5K
+21.3%

Summary: Villa Park housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 21.3%.

Median Sold Price Compared To Nearby Cities

Lombard
+9.0%
York Township
+3.1%
Villa Park
+1.5%
Elmhurst
-6.1%

Housing Supply in Villa Park, IL

How many homes are available in Villa Park, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4452+18.2%

Summary: The Villa Park real estate market had 52 homes for sale in February 2024, a 18.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1513
-13.3%
3 1824
+33.3%
4 79
+28.6%
5+ 35
+66.7%

Summary: The Villa Park housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1612-25.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 12 homes were sold or pending in Villa Park in February 2024, down by 25.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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

Feb 2023Feb 2024CHANGE
53 Days33 Days-38.8%

Summary: Homes in Villa Park had an average of 33 days on market in Feb 2024, down by 38.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 February 2024, 12 homes were sold in Villa Park; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% 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 3 Days Ago

Newest Listings in Villa Park, IL

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