Is Schiller Park, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Schiller Park is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Schiller Park, NY

How much do homes in Schiller Park, NY cost?

Median Sold Price

$140,000

$92/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,000(+27.3%)

Key Takeaway

Homes in Schiller Park have sold for 27.3% more than they did a year ago.

Summary: The median home sold price in Schiller Park was $140,000 in October 2024, up 27.3% from last year, and the median price per square foot was $92.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$90K
N/A
3 $110K$110K
0.0%
4 $102.5K$145K
+41.5%
5+ $150K$175K
+16.7%

Summary: Schiller 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 did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 41.5%, and 5+ bedroom homes increased by 16.7%.

Median Sold Price Compared To Nearby Neighborhoods

Schiller Park
+27.3%
Kenfield
+20.8%
Genesee Moselle
-2.1%

Housing Supply in Schiller Park, NY

How many homes are available in Schiller Park, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3041+36.7%

Summary: The Schiller Park real estate market had 41 homes for sale in October 2024, a 36.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1014
+40.0%
4 1417
+21.4%
5+ 69
+50.0%

Summary: The Schiller Park 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 100%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
210+400.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Schiller Park, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Schiller Park in October 2024, up by 400.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 0% were sold at asking, and 30% were sold over asking.

Days on Market for Schiller Park, NY

How long does it take to sell a home in Schiller Park, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days26 Days-10.9%

Summary: Homes in Schiller Park had an average of 26 days on market in Oct 2024, down by 10.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 10 homes were sold in Schiller Park; 70% of homes were sold within 30 days, 30% 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 Schiller Park, NY

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