Is Schiller Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Schiller Park has remained a Seller's Market.
Housing Prices in Schiller Park, IL
How much do homes in Schiller Park, IL cost?
Median Sold Price
$245,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Schiller Park was $245,000 in April 2024, down 3.5% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $107K | $115K | +7.5% |
2 Bedrooms | $154.9K | $159.9K | +3.2% |
3 Bedrooms | $313.5K | $320K | +2.1% |
4 Bedrooms | $337.4K | $360K | +6.7% |
5+ Bedrooms | $448K | $379K | -15.4% |
Summary: Schiller Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 15.4%.
Median Sold Price Compared To Nearby Cities
Franklin Park | $275K | $300K | +9.1% |
Leyden Township | $280K | $304.9K | +8.9% |
Chicago | $341.7K | $349K | +2.1% |
Schiller Park | $254K | $245K | -3.5% |
Housing Supply in Schiller Park, IL
How many homes are available in Schiller Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 36 | +2.9% |
Summary: The Schiller Park real estate market had 36 homes for sale in April 2024, a 2.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 7 | -30.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 9 | 12 | +33.3% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Schiller Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Schiller Park in April 2024, down by 23.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Schiller Park, IL
How long does it take to sell a home in Schiller Park, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 37 Days | -14.7% |
Summary: Homes in Schiller Park had an average of 37 days on market in Apr 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Schiller Park; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.