Is LaSalle County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, LaSalle County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $46.5K | $57K | +22.6% |
2 Bedrooms | $101.7K | $110K | +8.1% |
3 Bedrooms | $151.7K | $158K | +4.2% |
4 Bedrooms | $187.5K | $219.5K | +17.1% |
5+ Bedrooms | $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 | $138.8K | $150K | +8.1% |
Marshall County | $124.5K | $128.7K | +3.4% |
Grundy County | $252K | $260K | +3.2% |
Livingston County | $135K | $132K | -2.2% |
Putnam County | $193K | $164.5K | -14.8% |
Housing Supply in LaSalle County, IL
How many homes are available in LaSalle County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
291 | 322 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 10 | +66.7% |
2 Bedrooms | 59 | 54 | -8.5% |
3 Bedrooms | 143 | 158 | +10.5% |
4 Bedrooms | 60 | 74 | +23.3% |
5+ Bedrooms | 23 | 26 | +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 2024 | May 2024 | CHANGE |
---|---|---|
75 | 91 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 51 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
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.