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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hinsdale is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Hinsdale, IL

How much do homes in Hinsdale, IL cost?

Median Sold Price

$1,266,666

$329/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$206,666(+19.5%)

Key Takeaway

Homes in Hinsdale have sold for 19.5% more than they did a year ago.

Summary: The median home sold price in Hinsdale was $1,266,666 in November 2024, up 19.5% from last year, and the median price per square foot was $329.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$481K
N/A
2 $309K$540K
+74.8%
3 $700K$640K
-8.6%
4 $987K$1.2M
+21.6%
5+ $1.6M$1.9M
+15.2%

Summary: Hinsdale 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 increased by 74.8%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 15.2%.

Median Sold Price Compared To Nearby Cities

Hinsdale
+19.5%
Burr Ridge
+17.8%
Western Springs
+16.3%
Westmont
+11.2%
Indian Head Park
+7.6%

Housing Supply in Hinsdale, IL

How many homes are available in Hinsdale, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7273+1.4%

Summary: The Hinsdale real estate market had 73 homes for sale in November 2024, a 1.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 1212
0.0%
3 1215
+25.0%
4 1920
+5.3%
5+ 2826
-7.1%

Summary: The Hinsdale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 7.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1716-5.9%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hinsdale, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Hinsdale in November 2024, down by 5.9% month-over-month. Of the 16 sold homes, 69% were sold under asking, 13% were sold at asking, and 19% were sold over asking.

Days on Market for Hinsdale, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
69 Days30 Days-55.4%

Summary: Homes in Hinsdale had an average of 30 days on market in Nov 2024, down by 55.4% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 16 homes were sold in Hinsdale; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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

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