Is Proviso Township, 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, Proviso Township has remained a Seller's Market.
Housing Prices in Proviso Township, IL
How much do homes in Proviso Township, IL cost?
Median Sold Price
$299,900
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Proviso Township was $299,900 in May 2024, up 5.5% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119.9K | $133.4K | +11.3% |
2 Bedrooms | $242.5K | $251K | +3.5% |
3 Bedrooms | $295K | $310K | +5.1% |
4 Bedrooms | $319.9K | $350K | +9.4% |
5+ Bedrooms | $382.5K | $380K | -0.7% |
Summary: Proviso Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 0.7%.
Housing Supply in Proviso Township, IL
How many homes are available in Proviso Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
474 | 493 | +4.0% |
Summary: The Proviso Township real estate market had 493 homes for sale in May 2024, a 4.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 22 | +22.2% |
2 Bedrooms | 126 | 114 | -9.5% |
3 Bedrooms | 198 | 222 | +12.1% |
4 Bedrooms | 87 | 88 | +1.1% |
5+ Bedrooms | 45 | 47 | +4.4% |
Summary: The Proviso Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 4.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
141 | 139 | -1.4% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
61 Homes Were Sold
Over Asking
Summary: A total of 139 homes were sold or pending in Proviso Township in May 2024, down by 1.4% month-over-month. Of the 139 sold homes, 38% were sold under asking, 18% were sold at asking, and 44% were sold over asking.
Days on Market for Proviso Township, IL
How long does it take to sell a home in Proviso Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 28 Days | -11.0% |
Summary: Homes in Proviso Township had an average of 28 days on market in May 2024, down by 11% compared to last year.
Breakdown of Home Sale Times
109 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 139 homes were sold in Proviso Township; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.