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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Itasca is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Itasca was a Seller's Market.

Key Takeaway

Itasca is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Itasca, IL

How much do homes in Itasca, IL cost?

Median Sold Price

$439,625

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$69,625(+18.8%)

Key Takeaway

Homes in Itasca have sold for 18.8% more than they did a year ago.

Summary: The median home sold price in Itasca was $439,625 in November 2024, up 18.8% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$310K
N/A
2 $332.5K$375K
+12.8%
3 $363.5K$404.9K
+11.4%
4 $547.4K$591K
+8.0%
5+ $640K$930K
+45.3%

Summary: Itasca housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 45.3%.

Median Sold Price Compared To Nearby Cities

Itasca
+18.8%
Wood Dale
+13.1%
Roselle
+12.3%
Elk Grove Village
+11.0%
Addison Township
+9.7%

Housing Supply in Itasca, IL

How many homes are available in Itasca, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2927-6.9%

Summary: The Itasca real estate market had 27 homes for sale in November 2024, a 6.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 77
0.0%
3 1311
-15.4%
4 65
-16.7%
5+ 33
0.0%

Summary: The Itasca housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
84-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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 4 homes were sold or pending in Itasca in November 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

Nov 2023Nov 2024CHANGE
27 Days25 Days-6.2%

Summary: Homes in Itasca had an average of 25 days on market in Nov 2024, down by 6.2% compared to last year.

Breakdown of Home Sale Times

2 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 Itasca are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Itasca; 50% of homes were sold within 30 days, 50% 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 17 Days Ago

Newest Listings in Itasca, IL

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