Is La Grange, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Grange is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in La Grange, IL

How much do homes in La Grange, IL cost?

Median Sold Price

$573,666

$293/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$63,666(+12.5%)

Key Takeaway

Homes in La Grange have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in La Grange was $573,666 in November 2024, up 12.5% from last year, and the median price per square foot was $293.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $180.7K$185K
+2.4%
2 $295K$320K
+8.5%
3 $477.5K$542K
+13.5%
4 $715K$828.5K
+15.9%
5+ $890K$1.1M
+24.8%

Summary: La Grange housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 24.8%.

Median Sold Price Compared To Nearby Cities

La Grange
+12.5%
Brookfield
+5.7%
La Grange Park
+3.3%

Housing Supply in La Grange, IL

How many homes are available in La Grange, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6059-1.7%

Summary: The La Grange real estate market had 59 homes for sale in November 2024, a 1.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 1616
0.0%
3 1917
-10.5%
4 1314
+7.7%
5+ 98
-11.1%

Summary: The La Grange housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1322+69.2%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Grange, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in La Grange in November 2024, up by 69.2% month-over-month. Of the 22 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.

Days on Market for La Grange, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days12 Days-54.9%

Summary: Homes in La Grange had an average of 12 days on market in Nov 2024, down by 54.9% compared to last year.

Breakdown of Home Sale Times

19 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 La Grange are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 22 homes were sold in La Grange; 86% of homes were sold within 30 days, 14% 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 20 Days Ago

Newest Listings in La Grange, IL

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