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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Indian Head Park is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Indian Head Park, IL

How much do homes in Indian Head Park, IL cost?

Median Sold Price

$370,000

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$50,000(+15.6%)

Key Takeaway

Homes in Indian Head Park have sold for 15.6% more than they did a year ago.

Summary: The median home sold price in Indian Head Park was $370,000 in May 2024, up 15.6% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $150K$135K
-10.0%
2 $240K$257.5K
+7.3%
3 $347.9K$373K
+7.2%
4 $697.5K$731.2K
+4.8%
5+ $673.5K$1.0M
+58.5%

Summary: Indian Head Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 58.5%.

Median Sold Price Compared To Nearby Cities

Hinsdale
+17.2%
Indian Head Park
+15.6%
Lyons Township
+5.9%
Burr Ridge
-2.7%
Countryside
-2.8%

Housing Supply in Indian Head Park, IL

How many homes are available in Indian Head Park, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
23230.0%

Summary: The Indian Head Park real estate market had 23 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 36
+100.0%
3 1511
-26.7%
4 24
+100.0%
5+ 21
-50.0%

Summary: The Indian Head Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
79+28.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Indian Head Park, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Indian Head Park in May 2024, up by 28.6% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.

Days on Market for Indian Head Park, IL

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

Average Sale Time

May 2023May 2024CHANGE
7 Days8 Days+10.4%

Summary: Homes in Indian Head Park had an average of 8 days on market in May 2024, up by 10.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 9 homes were sold in Indian Head Park; 100% of homes were sold within 30 days, 0% 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 3 Days Ago

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