Is Leyden Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Leyden Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Leyden Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Leyden Township, IL

How much do homes in Leyden Township, IL cost?

Median Sold Price

$308,666

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,259(+8.9%)

Key Takeaway

Homes in Leyden Township have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Leyden Township was $308,666 in May 2024, up 8.9% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $109.5K$120.5K
+10.1%
2 $230K$215K
-6.5%
3 $302.4K$323K
+6.8%
4 $340K$379.9K
+11.7%
5+ $451.5K$460K
+1.9%

Summary: Leyden Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 1.9%.

Median Sold Price Compared To Nearby Cities

Franklin Park
+12.7%
Leyden Township
+8.9%
River Grove
+5.8%
Norridge
+5.6%
Schiller Park
-3.9%

Housing Supply in Leyden Township, IL

How many homes are available in Leyden Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
236269+14.0%

Summary: The Leyden Township real estate market had 269 homes for sale in May 2024, a 14.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 3132
+3.2%
2 4955
+12.2%
3 89105
+18.0%
4 4857
+18.8%
5+ 1920
+5.3%

Summary: The Leyden Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
7876-2.6%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Leyden Township, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.

Summary: A total of 76 homes were sold or pending in Leyden Township in May 2024, down by 2.6% month-over-month. Of the 76 sold homes, 41% were sold under asking, 17% were sold at asking, and 42% were sold over asking.

Days on Market for Leyden Township, IL

How long does it take to sell a home in Leyden Township, IL?

Average Sale Time

May 2023May 2024CHANGE
26 Days18 Days-30.1%

Summary: Homes in Leyden Township had an average of 18 days on market in May 2024, down by 30.1% compared to last year.

Breakdown of Home Sale Times

66 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 76 homes were sold in Leyden Township; 87% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 5% 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

Newest Listings in Leyden Township, IL

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