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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Darien is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Darien, IL

How much do homes in Darien, IL cost?

Median Sold Price

$429,816

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$64,816(+17.8%)

Key Takeaway

Homes in Darien have sold for 17.8% more than they did a year ago.

Summary: The median home sold price in Darien was $429,816 in November 2024, up 17.8% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $126K$144K
+14.3%
2 $280K$297K
+6.1%
3 $379K$420K
+10.8%
4 $480K$537.5K
+12.0%
5+ $650K$700K
+7.7%

Summary: Darien housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Cities

Darien
+17.8%
Downers Grove Township
+14.7%
Westmont
+11.2%
Willowbrook
+7.9%
Woodridge
+7.1%

Housing Supply in Darien, IL

How many homes are available in Darien, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9082-8.9%

Summary: The Darien real estate market had 82 homes for sale in November 2024, a 8.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2419
-20.8%
3 3534
-2.9%
4 2017
-15.0%
5+ 1112
+9.1%

Summary: The Darien 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 decreased by 20.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2728+3.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Darien, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Darien in November 2024, up by 3.7% month-over-month. Of the 28 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% were sold over asking.

Days on Market for Darien, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
12 Days14 Days+11.3%

Summary: Homes in Darien had an average of 14 days on market in Nov 2024, up by 11.3% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 28 homes were sold in Darien; 89% of homes were sold within 30 days, 11% 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 17 Days Ago

Newest Listings in Darien, IL

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