Is Evergreen Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Evergreen Park has remained a Seller's Market.
Housing Prices in Evergreen Park, IL
How much do homes in Evergreen Park, IL cost?
Median Sold Price
$275,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Evergreen Park was $275,000 in May 2024, up 7.8% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $109.6K | - | N/A |
2 Bedrooms | $225K | $235K | +4.4% |
3 Bedrooms | $260K | $270K | +3.8% |
4 Bedrooms | $294K | $300K | +2.0% |
5+ Bedrooms | $440K | $390K | -11.4% |
Summary: Evergreen Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 11.4%.
Median Sold Price Compared To Nearby Cities
Worth Township | $230.5K | $249.8K | +8.4% |
Evergreen Park | $255K | $275K | +7.8% |
Chicago | $339.3K | $349.9K | +3.1% |
Housing Supply in Evergreen Park, IL
How many homes are available in Evergreen Park, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
84 | 78 | -7.1% |
Summary: The Evergreen Park real estate market had 78 homes for sale in May 2024, a 7.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 14 | -22.2% |
3 Bedrooms | 48 | 45 | -6.3% |
4 Bedrooms | 11 | 15 | +36.4% |
5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The Evergreen Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 22 | -21.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Evergreen Park in May 2024, down by 21.4% month-over-month. Of the 22 sold homes, 41% were sold under asking, 5% were sold at asking, and 55% were sold over asking.
Days on Market for Evergreen Park, IL
How long does it take to sell a home in Evergreen Park, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
52 Days | 20 Days | -60.4% |
Summary: Homes in Evergreen Park had an average of 20 days on market in May 2024, down by 60.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Evergreen Park; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.