Is Little Village, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Little Village is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Little Village was a Buyer's Market.

Key Takeaway

Little Village 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 Little Village, IL

How much do homes in Little Village, IL cost?

Median Sold Price

$342,000

$425/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$52,000(+17.9%)

Key Takeaway

Homes in Little Village have sold for 17.9% more than they did a month ago.

Summary: The median home sold price in Little Village was $342,000 in November 2024, up 17.9% from last month, and the median price per square foot was $425.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $245K-
N/A
3 $169K$564.8K
+234.3%
4 $724.9K-
N/A
5+ $290K$342K
+17.9%

Summary: Little Village housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 234.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 17.9%.

Housing Supply in Little Village, IL

How many homes are available in Little Village, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6473+14.1%

Summary: The Little Village real estate market had 73 homes for sale in November 2024, a 14.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 34
+33.3%
3 1417
+21.4%
4 1111
0.0%
5+ 3640
+11.1%

Summary: The Little Village housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
912+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Little Village, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Little Village in November 2024, up by 33.3% month-over-month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Little Village, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
39 Days29 Days-26.9%

Summary: Homes in Little Village had an average of 29 days on market in Nov 2024, down by 26.9% compared to last month.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 12 homes were sold in Little Village; 58% of homes were sold within 30 days, 42% 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 21 Days Ago

Newest Listings in Little Village, IL

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