Is Darien, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Darien is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Darien, IL

How much do homes in Darien, IL cost?

Median Sold Price

$390,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$50,666(+14.9%)

Key Takeaway

Homes in Darien have sold for 14.9% more than they did a year ago.

Summary: The median home sold price in Darien was $390,000 in April 2024, up 14.9% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $112K$126K
+12.5%
2 $270K$295.5K
+9.4%
3 $340K$397K
+16.8%
4 $440K$498.6K
+13.3%
5+ $649.9K$650K
0.0%

Summary: Darien housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Darien
+14.9%
Willowbrook
+13.2%
Downers Grove Township
+5.3%
Woodridge
+1.5%
Westmont
0.0%

Housing Supply in Darien, IL

How many homes are available in Darien, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6473+14.1%

Summary: The Darien real estate market had 73 homes for sale in April 2024, a 14.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 1518
+20.0%
3 2323
0.0%
4 2226
+18.2%
5+ 35
+66.7%

Summary: The Darien housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2024+20.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Darien, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in Darien in April 2024, up by 20.0% month-over-month. Of the 24 sold homes, 33% were sold under asking, 29% were sold at asking, and 38% were sold over asking.

Days on Market for Darien, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
24 Days25 Days+5.0%

Summary: Homes in Darien had an average of 25 days on market in Apr 2024, up by 5% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 24 homes were sold in Darien; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% 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 14 Days Ago

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