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 October 2023

At the same time last year, Auburn Gresham was a Seller'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

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,666(+1.3%)

Key Takeaway

Homes in Auburn Gresham have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in Auburn Gresham was $215,000 in October 2024, up 1.3% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $40K$304K
+660.0%
2 $119.9K$177.5K
+48.0%
3 $196K$170K
-13.3%
4 $220K$215K
-2.3%
5+ $280K$296K
+5.7%

Summary: Auburn Gresham housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 660%, 2 bedroom homes increased by 48%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 5.7%.

Median Sold Price Compared To Nearby Neighborhoods

Chatham
+10.0%
Washington Heights
+9.3%
Roseland
+6.3%
Auburn Gresham
+1.3%

Housing Supply in Auburn Gresham, IL

How many homes are available in Auburn Gresham, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
159209+31.4%

Summary: The Auburn Gresham real estate market had 209 homes for sale in October 2024, a 31.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1822
+22.2%
3 5578
+41.8%
4 3651
+41.7%
5+ 4957
+16.3%

Summary: The Auburn Gresham housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 41.8%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 16.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2428+16.7%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Auburn Gresham, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Auburn Gresham in October 2024, up by 16.7% month-over-month. Of the 28 sold homes, 46% were sold under asking, 25% were sold at asking, and 29% 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

Oct 2023Oct 2024CHANGE
63 Days37 Days-41.2%

Summary: Homes in Auburn Gresham had an average of 37 days on market in Oct 2024, down by 41.2% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

13 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 October 2024, 28 homes were sold in Auburn Gresham; 46% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 7% 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 20 Days Ago

Newest Listings in Auburn Gresham, IL

Nearby Markets to Auburn Gresham, IL