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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hinsdale is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Hinsdale, IL

How much do homes in Hinsdale, IL cost?

Median Sold Price

$1,215,000

$318/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$225,500(+22.8%)

Key Takeaway

Homes in Hinsdale have sold for 22.8% more than they did a year ago.

Summary: The median home sold price in Hinsdale was $1,215,000 in April 2024, up 22.8% from last year, and the median price per square foot was $318.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $375K$335K
-10.7%
3 $685K$714.7K
+4.3%
4 $1.0M$1.1M
+13.9%
5+ $1.6M$1.7M
+3.4%

Summary: Hinsdale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 3.4%.

Median Sold Price Compared To Nearby Cities

Hinsdale
+22.8%
Indian Head Park
+13.3%
Westmont
0.0%
Western Springs
-0.8%
Burr Ridge
-5.9%

Housing Supply in Hinsdale, IL

How many homes are available in Hinsdale, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
84108+28.6%

Summary: The Hinsdale real estate market had 108 homes for sale in April 2024, a 28.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 56
+20.0%
3 1420
+42.9%
4 3037
+23.3%
5+ 3444
+29.4%

Summary: The Hinsdale 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 increased by 42.9%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 29.4%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1327+107.7%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hinsdale, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Hinsdale in April 2024, up by 107.7% month-over-month. Of the 27 sold homes, 56% were sold under asking, 19% were sold at asking, and 26% were sold over asking.

Days on Market for Hinsdale, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
21 Days19 Days-8.7%

Summary: Homes in Hinsdale had an average of 19 days on market in Apr 2024, down by 8.7% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 27 homes were sold in Hinsdale; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% 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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