Is Auburn Gresham, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Auburn Gresham is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Auburn Gresham has remained a Buyer's Market.

Key Takeaway

Auburn Gresham is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Auburn Gresham, IL

How much do homes in Auburn Gresham, IL cost?

Median Sold Price

$215,000

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$2,250(-1.0%)

Key Takeaway

Homes in Auburn Gresham have sold for 1% less than they did a year ago.

Summary: The median home sold price in Auburn Gresham was $215,000 in November 2024, down 1% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $40K$304K
+660.0%
2 $112.6K$169.2K
+50.3%
3 $197K$175K
-11.2%
4 $224.1K$210.1K
-6.2%
5+ $282.5K$310K
+9.7%

Summary: Auburn Gresham housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 660%, 2 bedroom homes increased by 50.3%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 9.7%.

Median Sold Price Compared To Nearby Neighborhoods

Chatham
+10.3%
Roseland
+9.7%
Washington Heights
+8.2%
Auburn Gresham
-1.0%

Housing Supply in Auburn Gresham, IL

How many homes are available in Auburn Gresham, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
189204+7.9%

Summary: The Auburn Gresham real estate market had 204 homes for sale in November 2024, a 7.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 2223
+4.5%
3 7280
+11.1%
4 4447
+6.8%
5+ 5054
+8.0%

Summary: The Auburn Gresham housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3024-20.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Auburn Gresham, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in Auburn Gresham in November 2024, down by 20.0% month-over-month. Of the 24 sold homes, 38% were sold under asking, 21% were sold at asking, and 42% were sold over asking.

Days on Market for Auburn Gresham, IL

How long does it take to sell a home in Auburn Gresham, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days33 Days+13.2%

Summary: Homes in Auburn Gresham had an average of 33 days on market in Nov 2024, up by 13.2% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 24 homes were sold in Auburn Gresham; 63% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 8% 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 21 Days Ago

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