Is Clarendon Hills, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clarendon Hills is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Clarendon Hills, IL

How much do homes in Clarendon Hills, IL cost?

Median Sold Price

$683,250

$293/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,250(+2.6%)

Key Takeaway

Homes in Clarendon Hills have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Clarendon Hills was $683,250 in October 2024, up 2.6% from last year, and the median price per square foot was $293.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $135K$207.5K
+53.7%
2 $249K$290K
+16.5%
3 $405K$500K
+23.5%
4 $925K$1.0M
+16.2%
5+ $1.4M$1.2M
-7.3%

Summary: Clarendon Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.7%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes decreased by 7.3%.

Median Sold Price Compared To Nearby Cities

Hinsdale
+17.3%
Downers Grove Township
+16.8%
Westmont
+12.2%
Clarendon Hills
+2.6%

Housing Supply in Clarendon Hills, IL

How many homes are available in Clarendon Hills, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3629-19.4%

Summary: The Clarendon Hills real estate market had 29 homes for sale in October 2024, a 19.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 56
+20.0%
3 1210
-16.7%
4 108
-20.0%
5+ 84
-50.0%

Summary: The Clarendon Hills 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 20%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
157-53.3%

Asking Price vs. Sold Price

2 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 Clarendon Hills, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Clarendon Hills in October 2024, down by 53.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.

Days on Market for Clarendon Hills, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days11 Days-72.5%

Summary: Homes in Clarendon Hills had an average of 11 days on market in Oct 2024, down by 72.5% compared to last year.

Breakdown of Home Sale Times

7 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 Clarendon Hills are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in Clarendon Hills; 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 16 Days Ago

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