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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing LaSalle is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, LaSalle was a Buyer's Market.

Key Takeaway

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

Housing Prices in LaSalle, IL

How much do homes in LaSalle, IL cost?

Median Sold Price

$119,250

$97/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$5,250(-4.2%)

Key Takeaway

Homes in LaSalle have sold for 4.2% less than they did a year ago.

Summary: The median home sold price in LaSalle was $119,250 in October 2024, down 4.2% from last year, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$72K
N/A
2 $89.9K$105K
+16.8%
3 $147K$130K
-11.6%
4 $100K$124.9K
+24.9%
5+ $164.4K$186.5K
+13.4%

Summary: LaSalle 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 16.8%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes increased by 24.9%, and 5+ bedroom homes increased by 13.4%.

Median Sold Price Compared To Nearby Cities

LaSalle Township
+14.7%
Peru Township
+4.7%
Peru
+4.6%
La Salle
+1.7%
LaSalle
-4.2%

Housing Supply in LaSalle, IL

How many homes are available in LaSalle, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2229+31.8%

Summary: The LaSalle real estate market had 29 homes for sale in October 2024, a 31.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 47
+75.0%
3 1112
+9.1%
4 55
0.0%
5+ 25
+150.0%

Summary: The LaSalle 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 75%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in LaSalle, expect to pay close to the asking price. 80% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in LaSalle in October 2024, down by 44.4% month-over-month. Of the 5 sold homes, 20% were sold under asking, 80% were sold at asking, and 0% were sold over asking.

Days on Market for LaSalle, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days7 Days-65.1%

Summary: Homes in LaSalle had an average of 7 days on market in Oct 2024, down by 65.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 5 homes were sold in LaSalle; 100% of homes were sold within 30 days, 0% 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 LaSalle, IL

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