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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Salle is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

La Salle 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 La Salle, IL

How much do homes in La Salle, IL cost?

Median Sold Price

$134,500

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,500(+12.1%)

Key Takeaway

Homes in La Salle have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in La Salle was $134,500 in November 2024, up 12.1% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$72K
N/A
2 $83.5K$110K
+31.7%
3 $149K$155.7K
+4.5%
4 $99.5K$134.5K
+35.2%
5+ $199.5K$182.7K
-8.4%

Summary: La Salle 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 31.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 35.2%, and 5+ bedroom homes decreased by 8.4%.

Median Sold Price Compared To Nearby Cities

LaSalle Township
+27.1%
LaSalle
+20.8%
La Salle
+12.1%

Housing Supply in La Salle, IL

How many homes are available in La Salle, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2930+3.4%

Summary: The La Salle real estate market had 30 homes for sale in November 2024, a 3.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 77
0.0%
3 1414
0.0%
4 35
+66.7%
5+ 54
-20.0%

Summary: The La Salle housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Salle, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in La Salle in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for La Salle, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days95 Days+241.4%

Summary: Homes in La Salle had an average of 95 days on market in Nov 2024, up by 241.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in La Salle are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in La Salle; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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 La Salle, IL

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