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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Buena Park is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Buena Park, IL

How much do homes in Buena Park, IL cost?

Median Sold Price

$299,500

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,500(+8.9%)

Key Takeaway

Homes in Buena Park have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Buena Park was $299,500 in November 2024, up 8.9% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $169K$178.4K
+5.6%
2 $320K$325K
+1.6%
3 $446.2K$475K
+6.4%
4 $1.0M$692.5K
-34.1%
5+ $1.1M$1.4M
+34.6%

Summary: Buena Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 34.1%, and 5+ bedroom homes increased by 34.6%.

Median Sold Price Compared To Nearby Neighborhoods

Uptown
+11.5%
Buena Park
+8.9%
Wrigleyville
+8.0%
Sheridan Park
+4.5%

Housing Supply in Buena Park, IL

How many homes are available in Buena Park, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5954-8.5%

Summary: The Buena Park real estate market had 54 homes for sale in November 2024, a 8.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2117
-19.0%
2 2423
-4.2%
3 78
+14.3%
4 22
0.0%
5+ 54
-20.0%

Summary: The Buena Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 19%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1512-20.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Buena Park, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Buena Park in November 2024, down by 20.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Buena Park, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days50 Days+227.2%

Summary: Homes in Buena Park had an average of 50 days on market in Nov 2024, up by 227.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 12 homes were sold in Buena Park; 67% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 25% 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 17 Days Ago

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