Is DuPage County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing DuPage County is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in DuPage County, IL

How much do homes in DuPage County, IL cost?

Median Sold Price

$401,656

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,904(+8.6%)

Key Takeaway

Homes in DuPage County have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in DuPage County was $401,656 in October 2024, up 8.6% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $145K$162K
+11.7%
2 $244.9K$267.4K
+9.2%
3 $355.1K$388.9K
+9.5%
4 $541.3K$590.7K
+9.1%
5+ $740.3K$851.4K
+15.0%

Summary: DuPage County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 15%.

Median Sold Price Compared To Nearby Counties

Kane County
+9.8%
DuPage County
+8.6%
Cook County
+8.0%
Will County
+7.9%

Housing Supply in DuPage County, IL

How many homes are available in DuPage County, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2,8263,131+10.8%

Summary: The DuPage County real estate market had 3,131 homes for sale in October 2024, a 10.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 93113
+21.5%
2 679797
+17.4%
3 1,0641,156
+8.6%
4 738789
+6.9%
5+ 252276
+9.5%

Summary: The DuPage County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.5%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 9.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
826825-0.1%

Asking Price vs. Sold Price

393 Homes Were Sold
Under Asking

121 Homes Were Sold
At Asking

311 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in DuPage County, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.

Summary: A total of 825 homes were sold or pending in DuPage County in October 2024, down by 0.1% month-over-month. Of the 825 sold homes, 48% were sold under asking, 15% were sold at asking, and 38% were sold over asking.

Days on Market for DuPage County, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days19 Days+3.4%

Summary: Homes in DuPage County had an average of 19 days on market in Oct 2024, up by 3.4% compared to last year.

Breakdown of Home Sale Times

655 Homes Were Sold
Under 30 Days

152 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 825 homes were sold in DuPage County; 79% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 2% 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 20 Days Ago

Newest Listings in DuPage County, IL

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