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 October 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

$289,950

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,950(+5.4%)

Key Takeaway

Homes in Buena Park have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Buena Park was $289,950 in October 2024, up 5.4% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $168K$179.9K
+7.1%
2 $310K$325K
+4.8%
3 $445K$480K
+7.9%
4 $1.0M$692.5K
-34.1%
5+ $1.1M$1.4M
+33.0%

Summary: Buena Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 34.1%, and 5+ bedroom homes increased by 33%.

Median Sold Price Compared To Nearby Neighborhoods

Wrigleyville
+11.6%
Uptown
+7.7%
Buena Park
+5.4%
Sheridan Park
+0.8%
Clarendon Park
-3.9%

Housing Supply in Buena Park, IL

How many homes are available in Buena Park, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6461-4.7%

Summary: The Buena Park real estate market had 61 homes for sale in October 2024, a 4.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2222
0.0%
2 2525
0.0%
3 117
-36.4%
4 22
0.0%
5+ 45
+25.0%

Summary: The Buena Park 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 remained the same, 3 bedroom homes decreased by 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1516+6.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 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. 68.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Buena Park in October 2024, up by 6.7% month-over-month. Of the 16 sold homes, 69% were sold under asking, 13% were sold at asking, and 19% 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

Oct 2023Oct 2024CHANGE
20 Days34 Days+69.0%

Summary: Homes in Buena Park had an average of 34 days on market in Oct 2024, up by 69% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 16 homes were sold in Buena Park; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 6% 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 16 Days Ago

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