Is Avondale, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Avondale is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Avondale has remained a Seller's Market.

Key Takeaway

Avondale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Avondale, IL

How much do homes in Avondale, IL cost?

Median Sold Price

$540,000

$278/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$75,166(+16.2%)

Key Takeaway

Homes in Avondale have sold for 16.2% more than they did a year ago.

Summary: The median home sold price in Avondale was $540,000 in December 2024, up 16.2% from last year, and the median price per square foot was $278.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $195K$207K
+6.2%
2 $365K$352.5K
-3.4%
3 $509.7K$563K
+10.4%
4 $630K$644K
+2.2%
5+ $550K$620K
+12.7%

Summary: Avondale housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 12.7%.

Median Sold Price Compared To Nearby Neighborhoods

Little Cassubia
+18.7%
Avondale
+16.2%

Housing Supply in Avondale, IL

How many homes are available in Avondale, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
7462-16.2%

Summary: The Avondale real estate market had 62 homes for sale in December 2024, a 16.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 43
-25.0%
2 146
-57.1%
3 2020
0.0%
4 1213
+8.3%
5+ 2420
-16.7%

Summary: The Avondale housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 57.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2818-35.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Avondale, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Avondale in December 2024, down by 35.7% month-over-month. Of the 18 sold homes, 61% were sold under asking, 11% were sold at asking, and 28% were sold over asking.

Days on Market for Avondale, IL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
33 Days41 Days+23.3%

Summary: Homes in Avondale had an average of 41 days on market in Dec 2024, up by 23.3% compared to last year.

Breakdown of Home Sale Times

9 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 Avondale are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 18 homes were sold in Avondale; 50% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 11% 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 2 Days Ago

Newest Listings in Avondale, IL

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