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 November 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

$404,352

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$33,255(+9.0%)

Key Takeaway

Homes in DuPage County have sold for 9% more than they did a year ago.

Summary: The median home sold price in DuPage County was $404,352 in November 2024, up 9% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $147.3K$162.8K
+10.5%
2 $246.8K$269.8K
+9.3%
3 $359.9K$390K
+8.4%
4 $544.3K$591.1K
+8.6%
5+ $759.5K$855.1K
+12.6%

Summary: DuPage County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 12.6%.

Median Sold Price Compared To Nearby Counties

Kane County
+9.3%
DuPage County
+9.0%
Cook County
+8.0%
Will County
+6.4%

Housing Supply in DuPage County, IL

How many homes are available in DuPage County, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2,8582,716-5.0%

Summary: The DuPage County real estate market had 2,716 homes for sale in November 2024, a 5.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10196
-5.0%
2 731680
-7.0%
3 1,0691,013
-5.2%
4 709688
-3.0%
5+ 248239
-3.6%

Summary: The DuPage County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5%, 2 bedroom homes decreased by 7%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 3.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
882744-15.6%

Asking Price vs. Sold Price

359 Homes Were Sold
Under Asking

128 Homes Were Sold
At Asking

257 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. 48.3% of homes here sold below asking price last month.

Summary: A total of 744 homes were sold or pending in DuPage County in November 2024, down by 15.6% month-over-month. Of the 744 sold homes, 48% were sold under asking, 17% were sold at asking, and 35% 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

Nov 2023Nov 2024CHANGE
19 Days20 Days+5.7%

Summary: Homes in DuPage County had an average of 20 days on market in Nov 2024, up by 5.7% compared to last year.

Breakdown of Home Sale Times

598 Homes Were Sold
Under 30 Days

123 Homes Were Sold
In 30 - 90 Days

23 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 November 2024, 744 homes were sold in DuPage County; 80% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% 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 21 Days Ago

Newest Listings in DuPage County, IL

Nearby Markets to DuPage County, IL

What housing markets are near DuPage County, IL?