Is LaSalle County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing LaSalle County is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in LaSalle County, IL

How much do homes in LaSalle County, IL cost?

Median Sold Price

$150,000

$111/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$11,176(+8.1%)

Key Takeaway

Homes in LaSalle County have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in LaSalle County was $150,000 in May 2024, up 8.1% from last year, and the median price per square foot was $111.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $46.5K$57K
+22.6%
2 $101.7K$110K
+8.1%
3 $151.7K$158K
+4.2%
4 $187.5K$219.5K
+17.1%
5+ $174K$202K
+16.1%

Summary: LaSalle County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.6%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 16.1%.

Median Sold Price Compared To Nearby Counties

LaSalle County
+8.1%
Marshall County
+3.4%
Grundy County
+3.2%
Livingston County
-2.2%
Putnam County
-14.8%

Housing Supply in LaSalle County, IL

How many homes are available in LaSalle County, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
291322+10.7%

Summary: The LaSalle County real estate market had 322 homes for sale in May 2024, a 10.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 610
+66.7%
2 5954
-8.5%
3 143158
+10.5%
4 6074
+23.3%
5+ 2326
+13.0%

Summary: The LaSalle County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 13%.

Number of Homes Sold

Apr 2024May 2024CHANGE
7591+21.3%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

33 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in LaSalle County, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 91 homes were sold or pending in LaSalle County in May 2024, up by 21.3% month-over-month. Of the 91 sold homes, 46% were sold under asking, 18% were sold at asking, and 36% were sold over asking.

Days on Market for LaSalle County, IL

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

Average Sale Time

May 2023May 2024CHANGE
46 Days51 Days+10.0%

Summary: Homes in LaSalle County had an average of 51 days on market in May 2024, up by 10% compared to last year.

Breakdown of Home Sale Times

55 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 91 homes were sold in LaSalle County; 60% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 18% 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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