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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Grange Park is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in La Grange Park, IL

How much do homes in La Grange Park, IL cost?

Median Sold Price

$436,000

$287/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,000(+2.6%)

Key Takeaway

Homes in La Grange Park have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in La Grange Park was $436,000 in October 2024, up 2.6% from last year, and the median price per square foot was $287.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$186K
N/A
2 $300K$310K
+3.3%
3 $398K$420K
+5.5%
4 $701K$740K
+5.6%
5+ $825K$825K
0.0%

Summary: La Grange Park 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 3.3%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Westchester
+10.4%
La Grange
+8.9%
Proviso Township
+8.9%
Brookfield
+6.0%
La Grange Park
+2.6%

Housing Supply in La Grange Park, IL

How many homes are available in La Grange Park, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4443-2.3%

Summary: The La Grange Park real estate market had 43 homes for sale in October 2024, a 2.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 108
-20.0%
3 1916
-15.8%
4 810
+25.0%
5+ 67
+16.7%

Summary: The La Grange Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1613-18.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Grange Park, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in La Grange Park in October 2024, down by 18.8% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.

Days on Market for La Grange Park, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days15 Days-30.8%

Summary: Homes in La Grange Park had an average of 15 days on market in Oct 2024, down by 30.8% compared to last year.

Breakdown of Home Sale Times

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

Summary: During October 2024, 13 homes were sold in La Grange Park; 85% of homes were sold within 30 days, 15% 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

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