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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Villa Park is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

+$5,000(+1.6%)

Key Takeaway

Homes in Villa Park have sold for 1.6% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $176K$180K
+2.3%
2 $237.5K$262.5K
+10.5%
3 $310K$319.5K
+3.1%
4 $372.5K$395K
+6.0%
5+ $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
+7.0%
York Township
+2.7%
Villa Park
+1.6%
Elmhurst
+1.3%
Oakbrook Terrace
-2.4%

Housing Supply in Villa Park, IL

How many homes are available in Villa Park, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5969+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

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 2220
-9.1%
3 2530
+20.0%
4 914
+55.6%
5+ 34
+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 2024Apr 2024CHANGE
2017-15.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Villa Park, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
20 Days18 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 1 Day Ago

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