Is Villa 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, Villa Park has remained a Seller's Market.
Housing Prices in Villa Park, IL
How much do homes in Villa Park, IL cost?
Median Sold Price
$310,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Villa Park was $310,000 in April 2024, up 1.6% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $176K | $180K | +2.3% |
2 Bedrooms | $237.5K | $262.5K | +10.5% |
3 Bedrooms | $310K | $319.5K | +3.1% |
4 Bedrooms | $372.5K | $395K | +6.0% |
5+ Bedrooms | $421.7K | $511.5K | +21.3% |
Summary: Villa Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 21.3%.
Median Sold Price Compared To Nearby Cities
Lombard | $304.7K | $326K | +7.0% |
York Township | $365K | $375K | +2.7% |
Villa Park | $305K | $310K | +1.6% |
Elmhurst | $523K | $529.9K | +1.3% |
Oakbrook Terrace | $420.1K | $410K | -2.4% |
Housing Supply in Villa Park, IL
How many homes are available in Villa Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 69 | +16.9% |
Summary: The Villa Park real estate market had 69 homes for sale in April 2024, a 16.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 22 | 20 | -9.1% |
3 Bedrooms | 25 | 30 | +20.0% |
4 Bedrooms | 9 | 14 | +55.6% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Villa Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 17 | -15.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Villa Park in April 2024, down by 15.0% month-over-month. Of the 17 sold homes, 35% were sold under asking, 6% were sold at asking, and 59% were sold over asking.
Days on Market for Villa Park, IL
How long does it take to sell a home in Villa Park, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 18 Days | -10.7% |
Summary: Homes in Villa Park had an average of 18 days on market in Apr 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Villa Park; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.