Is La Grange, 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, La Grange has remained a Seller's Market.
Housing Prices in La Grange, IL
How much do homes in La Grange, IL cost?
Median Sold Price
$532,500
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in La Grange was $532,500 in May 2024, down 2.3% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $186K | +12.7% |
2 Bedrooms | $225K | $295.5K | +31.3% |
3 Bedrooms | $475K | $535.7K | +12.8% |
4 Bedrooms | $767.5K | $769.5K | 0.3% |
5+ Bedrooms | $950K | $884.1K | -6.9% |
Summary: La Grange housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 6.9%.
Median Sold Price Compared To Nearby Cities
Brookfield | $315K | $350K | +11.1% |
La Grange Park | $419K | $412K | -1.7% |
La Grange | $545K | $532.5K | -2.3% |
Countryside | $355K | $345K | -2.8% |
Housing Supply in La Grange, IL
How many homes are available in La Grange, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 81 | +22.7% |
Summary: The La Grange real estate market had 81 homes for sale in May 2024, a 22.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 13 | 9 | -30.8% |
3 Bedrooms | 14 | 24 | +71.4% |
4 Bedrooms | 22 | 31 | +40.9% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The La Grange housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 30.8%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 40.9%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 22 | -15.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in La Grange in May 2024, down by 15.4% month-over-month. Of the 22 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.
Days on Market for La Grange, IL
How long does it take to sell a home in La Grange, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 14 Days | -58.0% |
Summary: Homes in La Grange had an average of 14 days on market in May 2024, down by 58% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in La Grange; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.