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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Itasca is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Itasca, IL

How much do homes in Itasca, IL cost?

Median Sold Price

$385,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$15,000(+4.1%)

Key Takeaway

Homes in Itasca have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Itasca was $385,000 in April 2024, up 4.1% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $285K-
N/A
2 $322K$335K
+4.0%
3 $343.5K$370K
+7.7%
4 $547.4K$550K
0.5%
5+ $620K$823K
+32.7%

Summary: Itasca 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 increased by 4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 32.7%.

Median Sold Price Compared To Nearby Cities

Addison Township
+7.7%
Elk Grove Village
+7.5%
Roselle
+7.5%
Wood Dale
+4.4%
Itasca
+4.1%

Housing Supply in Itasca, IL

How many homes are available in Itasca, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2329+26.1%

Summary: The Itasca real estate market had 29 homes for sale in April 2024, a 26.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 25
+150.0%
3 914
+55.6%
4 87
-12.5%
5+ 43
-25.0%

Summary: The Itasca 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 150%, 3 bedroom homes increased by 55.6%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
880.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Itasca, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Itasca in April 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Itasca, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
14 Days35 Days+147.4%

Summary: Homes in Itasca had an average of 35 days on market in Apr 2024, up by 147.4% compared to last year.

Breakdown of Home Sale Times

5 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 Itasca are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 8 homes were sold in Itasca; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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 1 Day Ago

Newest Listings in Itasca, IL

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