Is LaSalle, 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, LaSalle has remained a Seller's Market.
Housing Prices in LaSalle, IL
How much do homes in LaSalle, IL cost?
Median Sold Price
$108,750
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in LaSalle was $108,750 in May 2024, down 7.4% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $30K | - | N/A |
2 Bedrooms | $95K | $89.9K | -5.3% |
3 Bedrooms | $136.7K | $140K | +2.4% |
4 Bedrooms | $112.2K | $127.2K | +13.4% |
5+ Bedrooms | $135K | $169K | +25.2% |
Summary: LaSalle 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 decreased by 5.3%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 25.2%.
Median Sold Price Compared To Nearby Cities
Peru Township | $143K | $167K | +16.8% |
Peru | $143K | $167K | +16.8% |
LaSalle Township | $110K | $110K | 0.0% |
La Salle | $123K | $115K | -6.5% |
LaSalle | $117.5K | $108.7K | -7.4% |
Housing Supply in LaSalle, IL
How many homes are available in LaSalle, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 24 | -7.7% |
Summary: The LaSalle real estate market had 24 homes for sale in May 2024, a 7.7% 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 | 11 | 6 | -45.5% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The LaSalle 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 45.5%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 8 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in LaSalle in May 2024, down by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for LaSalle, IL
How long does it take to sell a home in LaSalle, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 10 Days | -1.0% |
Summary: Homes in LaSalle had an average of 10 days on market in May 2024, down by 1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in LaSalle; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.