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 October 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

$1,237,750

$331/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$182,750(+17.3%)

Key Takeaway

Homes in Hinsdale have sold for 17.3% more than they did a year ago.

Summary: The median home sold price in Hinsdale was $1,237,750 in October 2024, up 17.3% from last year, and the median price per square foot was $331.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$481K
N/A
2 $304.5K$540K
+77.3%
3 $699K$650K
-7.0%
4 $980K$1.2M
+22.4%
5+ $1.7M$1.8M
+7.9%

Summary: Hinsdale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 77.3%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 7.9%.

Median Sold Price Compared To Nearby Cities

Burr Ridge
+25.5%
Hinsdale
+17.3%
Western Springs
+13.0%
Westmont
+12.2%
Indian Head Park
+6.8%

Housing Supply in Hinsdale, IL

How many homes are available in Hinsdale, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7779+2.6%

Summary: The Hinsdale real estate market had 79 homes for sale in October 2024, a 2.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1116
+45.5%
3 1514
-6.7%
4 2422
-8.3%
5+ 2626
0.0%

Summary: The Hinsdale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 45.5%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2216-27.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 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. 62.5% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Hinsdale in October 2024, down by 27.3% month-over-month. Of the 16 sold homes, 63% were sold under asking, 6% were sold at asking, and 31% 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

Oct 2023Oct 2024CHANGE
36 Days13 Days-62.7%

Summary: Homes in Hinsdale had an average of 13 days on market in Oct 2024, down by 62.7% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 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 October 2024, 16 homes were sold in Hinsdale; 88% of homes were sold within 30 days, 13% 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 16 Days Ago

Newest Listings in Hinsdale, IL

Nearby Markets to Hinsdale, IL

What housing markets are near Hinsdale, IL?