Is Evergreen Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Evergreen Park is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Evergreen Park, IL

How much do homes in Evergreen Park, IL cost?

Median Sold Price

$285,000

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,500(+6.1%)

Key Takeaway

Homes in Evergreen Park have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Evergreen Park was $285,000 in November 2024, up 6.1% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $235K$231K
-1.7%
3 $265.5K$289K
+8.9%
4 $297K$305K
+2.7%
5+ $390K$365K
-6.4%

Summary: Evergreen Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 6.4%.

Median Sold Price Compared To Nearby Cities

Worth Township
+9.4%
Chicago
+7.1%
Evergreen Park
+6.1%

Housing Supply in Evergreen Park, IL

How many homes are available in Evergreen Park, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7074+5.7%

Summary: The Evergreen Park real estate market had 74 homes for sale in November 2024, a 5.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1519
+26.7%
3 4244
+4.8%
4 76
-14.3%
5+ 65
-16.7%

Summary: The Evergreen Park 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 increased by 26.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1714-17.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Evergreen Park, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Evergreen Park in November 2024, down by 17.6% month-over-month. Of the 14 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.

Days on Market for Evergreen Park, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days25 Days-13.1%

Summary: Homes in Evergreen Park had an average of 25 days on market in Nov 2024, down by 13.1% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 14 homes were sold in Evergreen Park; 57% of homes were sold within 30 days, 43% 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 20 Days Ago

Newest Listings in Evergreen Park, IL

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