Is Evergreen Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Evergreen Park is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

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

+$20,000(+7.8%)

Key Takeaway

Homes in Evergreen Park have sold for 7.8% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $109.6K-
N/A
2 $225K$235K
+4.4%
3 $260K$270K
+3.8%
4 $294K$300K
+2.0%
5+ $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
+8.4%
Evergreen Park
+7.8%
Chicago
+3.1%

Housing Supply in Evergreen Park, IL

How many homes are available in Evergreen Park, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
8478-7.1%

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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1814
-22.2%
3 4845
-6.3%
4 1115
+36.4%
5+ 74
-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 2024May 2024CHANGE
2822-21.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Evergreen Park, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

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 2023May 2024CHANGE
52 Days20 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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