Is Schiller Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Schiller Park is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

-$9,000(-3.5%)

Key Takeaway

Homes in Schiller Park have sold for 3.5% less than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $107K$115K
+7.5%
2 $154.9K$159.9K
+3.2%
3 $313.5K$320K
+2.1%
4 $337.4K$360K
+6.7%
5+ $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
+9.1%
Leyden Township
+8.9%
Chicago
+2.1%
Schiller Park
-3.5%

Housing Supply in Schiller Park, IL

How many homes are available in Schiller Park, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3536+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

# BEDSMar 2024Apr 2024CHANGE
1 107
-30.0%
2 88
0.0%
3 912
+33.3%
4 64
-33.3%
5+ 25
+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 2024Apr 2024CHANGE
1310-23.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Schiller Park, you may be able to get a good deal. 40% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
43 Days37 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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