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 May 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

$397,250

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$27,250(+7.4%)

Key Takeaway

Homes in Itasca have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in Itasca was $397,250 in May 2024, up 7.4% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $285K-
N/A
2 $329.5K$335K
+1.7%
3 $343.5K$370K
+7.7%
4 $549.9K$547.5K
-0.4%
5+ $620K$845K
+36.3%

Summary: Itasca housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 36.3%.

Median Sold Price Compared To Nearby Cities

Roselle
+8.6%
Itasca
+7.4%
Addison Township
+6.9%
Elk Grove Village
+6.0%
Wood Dale
+5.5%

Housing Supply in Itasca, IL

How many homes are available in Itasca, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2624-7.7%

Summary: The Itasca real estate market had 24 homes for sale in May 2024, a 7.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 1112
+9.1%
4 76
-14.3%
5+ 32
-33.3%

Summary: The Itasca 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 decreased by 20%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
98-11.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 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. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Itasca in May 2024, down by 11.1% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

May 2023May 2024CHANGE
10 Days25 Days+147.2%

Summary: Homes in Itasca had an average of 25 days on market in May 2024, up by 147.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 May 2024, 8 homes were sold in Itasca; 63% of homes were sold within 30 days, 38% 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

Newest Listings in Itasca, IL

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