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 September 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

$280,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$20,000(+7.7%)

Key Takeaway

Homes in Evergreen Park have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Evergreen Park was $280,000 in September 2024, up 7.7% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $230K$231K
0.4%
3 $260K$282K
+8.5%
4 $300K$305K
+1.7%
5+ $390K$365K
-6.4%

Summary: Evergreen Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 6.4%.

Median Sold Price Compared To Nearby Cities

Worth Township
+10.8%
Evergreen Park
+7.7%
Chicago
+5.9%

Housing Supply in Evergreen Park, IL

How many homes are available in Evergreen Park, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7378+6.8%

Summary: The Evergreen Park real estate market had 78 homes for sale in September 2024, a 6.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1415
+7.1%
3 4143
+4.9%
4 1312
-7.7%
5+ 58
+60.0%

Summary: The Evergreen Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2616-38.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 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. 50% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Evergreen Park in September 2024, down by 38.5% month-over-month. Of the 16 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

Sep 2023Sep 2024CHANGE
27 Days19 Days-27.5%

Summary: Homes in Evergreen Park had an average of 19 days on market in Sep 2024, down by 27.5% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

4 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 September 2024, 16 homes were sold in Evergreen Park; 75% of homes were sold within 30 days, 25% 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 29 Days Ago

Newest Listings in Evergreen Park, IL

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