Is Schiller Park, 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, Schiller Park has remained a Seller's Market.
Housing Prices in Schiller Park, IL
How much do homes in Schiller Park, IL cost?
Median Sold Price
$245,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Schiller Park was $245,000 in May 2024, down 3.9% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $107K | $115K | +7.5% |
2 Bedrooms | $154.5K | $160K | +3.6% |
3 Bedrooms | $312K | $320K | +2.6% |
4 Bedrooms | $341.2K | $344.5K | +1.0% |
5+ Bedrooms | $451.5K | $379K | -16.1% |
Summary: Schiller Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 16.1%.
Median Sold Price Compared To Nearby Cities
Franklin Park | $275K | $310K | +12.7% |
Leyden Township | $283.4K | $308.6K | +8.9% |
Chicago | $339.3K | $349.9K | +3.1% |
Schiller Park | $255K | $245K | -3.9% |
Housing Supply in Schiller Park, IL
How many homes are available in Schiller Park, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 34 | +9.7% |
Summary: The Schiller Park real estate market had 34 homes for sale in May 2024, a 9.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 2 | -71.4% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 9 | 16 | +77.8% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Schiller Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 71.4%, 2 bedroom homes remained the same, 3 bedroom homes increased by 77.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Schiller Park in May 2024, down by 10.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% were sold over asking.
Days on Market for Schiller Park, IL
How long does it take to sell a home in Schiller Park, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 24 Days | +305.6% |
Summary: Homes in Schiller Park had an average of 24 days on market in May 2024, up by 305.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Schiller Park; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.