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 November 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

$352,500

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+7.6%)

Key Takeaway

Homes in Indian Head Park have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Indian Head Park was $352,500 in November 2024, up 7.6% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $125K$145.5K
+16.4%
2 $245.5K$280K
+14.1%
3 $369.9K$362.5K
-2.0%
4 $800.1K$677K
-15.4%
5+ $918K$1.1M
+23.5%

Summary: Indian Head Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 14.1%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 23.5%.

Median Sold Price Compared To Nearby Cities

Hinsdale
+19.5%
Burr Ridge
+17.8%
Lyons Township
+15.1%
Indian Head Park
+7.6%

Housing Supply in Indian Head Park, IL

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2324+4.3%

Summary: The Indian Head Park real estate market had 24 homes for sale in November 2024, a 4.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 13
+200.0%
2 1011
+10.0%
3 108
-20.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Indian Head Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Indian Head Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Indian Head Park in November 2024, up by 12.5% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% 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

Nov 2023Nov 2024CHANGE
24 Days43 Days+82.4%

Summary: Homes in Indian Head Park had an average of 43 days on market in Nov 2024, up by 82.4% compared to last year.

Breakdown of Home Sale Times

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

Summary: During November 2024, 9 homes were sold in Indian Head Park; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% 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 Indian Head Park, IL

Nearby Markets to Indian Head Park, IL

What housing markets are near Indian Head Park, IL?