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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Itasca is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Itasca, IL

How much do homes in Itasca, IL cost?

Median Sold Price

$420,000

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$42,500(+11.3%)

Key Takeaway

Homes in Itasca have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in Itasca was $420,000 in October 2024, up 11.3% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$310K
N/A
2 $332.5K$367.5K
+10.5%
3 $365K$380K
+4.1%
4 $549.9K$587.5K
+6.8%
5+ $620K$887.5K
+43.1%

Summary: Itasca 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 10.5%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 43.1%.

Median Sold Price Compared To Nearby Cities

Wood Dale
+13.5%
Itasca
+11.3%
Roselle
+10.2%
Addison Township
+8.9%
Elk Grove Village
+8.0%

Housing Supply in Itasca, IL

How many homes are available in Itasca, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2232+45.5%

Summary: The Itasca real estate market had 32 homes for sale in October 2024, a 45.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 47
+75.0%
3 1015
+50.0%
4 77
0.0%
5+ 13
+200.0%

Summary: The Itasca 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 75%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Itasca, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Itasca in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.

Days on Market for Itasca, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days23 Days-26.0%

Summary: Homes in Itasca had an average of 23 days on market in Oct 2024, down by 26% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Itasca; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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 Itasca, IL

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