Is Proviso Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Proviso Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Proviso Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Proviso Township, IL

How much do homes in Proviso Township, IL cost?

Median Sold Price

$310,416

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,442(+8.9%)

Key Takeaway

Homes in Proviso Township have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Proviso Township was $310,416 in October 2024, up 8.9% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $126.5K$140K
+10.7%
2 $240K$265K
+10.4%
3 $295.2K$325K
+10.1%
4 $322.5K$360K
+11.6%
5+ $370K$394K
+6.5%

Summary: Proviso Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 6.5%.

Median Sold Price Compared To Nearby Cities

Bellwood
+10.7%
Proviso Township
+8.9%
Broadview
+8.6%
Maywood
+4.6%

Housing Supply in Proviso Township, IL

How many homes are available in Proviso Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
415481+15.9%

Summary: The Proviso Township real estate market had 481 homes for sale in October 2024, a 15.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1918
-5.3%
2 96110
+14.6%
3 178200
+12.4%
4 8295
+15.9%
5+ 4058
+45.0%

Summary: The Proviso Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 45%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
106101-4.7%

Asking Price vs. Sold Price

49 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

35 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Proviso Township, you may be able to get a good deal. 48.5% of homes here sold below asking price last month.

Summary: A total of 101 homes were sold or pending in Proviso Township in October 2024, down by 4.7% month-over-month. Of the 101 sold homes, 49% were sold under asking, 17% were sold at asking, and 35% were sold over asking.

Days on Market for Proviso Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days28 Days-16.4%

Summary: Homes in Proviso Township had an average of 28 days on market in Oct 2024, down by 16.4% compared to last year.

Breakdown of Home Sale Times

68 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 101 homes were sold in Proviso Township; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 5% 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 Proviso Township, IL

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What housing markets are near Proviso Township, IL?