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 October 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

$566,250

$290/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$46,250(+8.9%)

Key Takeaway

Homes in La Grange have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in La Grange was $566,250 in October 2024, up 8.9% from last year, and the median price per square foot was $290.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $170K$186K
+9.4%
2 $297.5K$320K
+7.6%
3 $485K$539K
+11.1%
4 $715K$812.5K
+13.6%
5+ $895K$1.1M
+24.4%

Summary: La Grange housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 24.4%.

Median Sold Price Compared To Nearby Cities

Countryside
+21.4%
La Grange
+8.9%
Brookfield
+6.0%
La Grange Park
+2.6%

Housing Supply in La Grange, IL

How many homes are available in La Grange, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5567+21.8%

Summary: The La Grange real estate market had 67 homes for sale in October 2024, a 21.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 1314
+7.7%
3 1319
+46.2%
4 1718
+5.9%
5+ 812
+50.0%

Summary: The La Grange 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 7.7%, 3 bedroom homes increased by 46.2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1312-7.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 12 homes were sold or pending in La Grange in October 2024, down by 7.7% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% 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

Oct 2023Oct 2024CHANGE
19 Days36 Days+85.9%

Summary: Homes in La Grange had an average of 36 days on market in Oct 2024, up by 85.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in La Grange has remained consistent over time.

Summary: During October 2024, 12 homes were sold in La Grange; 42% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 8% 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

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