Is Avalon Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Avalon Park is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Avalon Park was a Seller's Market.

Key Takeaway

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

Housing Prices in Avalon Park, IL

How much do homes in Avalon Park, IL cost?

Median Sold Price

$250,000

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$70,000(+38.9%)

Key Takeaway

Homes in Avalon Park have sold for 38.9% more than they did a year ago.

Summary: The median home sold price in Avalon Park was $250,000 in November 2024, up 38.9% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $207.5K-
N/A
2 $130K$125K
-3.8%
3 $195K$250K
+28.2%
4 $190K$278.5K
+46.6%
5+ $285K$322K
+13.0%

Summary: Avalon Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 28.2%, 4 bedroom homes increased by 46.6%, and 5+ bedroom homes increased by 13%.

Median Sold Price Compared To Nearby Neighborhoods

Avalon Park
+38.9%
Stony Island Park
+32.8%
South Shore
+26.2%
Calumet Heights
+2.2%

Housing Supply in Avalon Park, IL

How many homes are available in Avalon Park, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4756+19.1%

Summary: The Avalon Park real estate market had 56 homes for sale in November 2024, a 19.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1111
0.0%
3 2327
+17.4%
4 811
+37.5%
5+ 57
+40.0%

Summary: The Avalon Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Avalon Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Avalon Park in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Avalon Park, IL

How long does it take to sell a home in Avalon Park, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
30 Days13 Days-55.6%

Summary: Homes in Avalon Park had an average of 13 days on market in Nov 2024, down by 55.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Avalon Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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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