Is LaSalle, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing LaSalle is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

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

-$8,750(-7.4%)

Key Takeaway

Homes in LaSalle have sold for 7.4% less than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $30K-
N/A
2 $95K$89.9K
-5.3%
3 $136.7K$140K
+2.4%
4 $112.2K$127.2K
+13.4%
5+ $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
+16.8%
Peru
+16.8%
LaSalle Township
0.0%
La Salle
-6.5%
LaSalle
-7.4%

Housing Supply in LaSalle, IL

How many homes are available in LaSalle, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2624-7.7%

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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 116
-45.5%
3 109
-10.0%
4 45
+25.0%
5+ 14
+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 2024May 2024CHANGE
128-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in LaSalle, you could pay more than the asking price. 50% of homes here sold above asking price last month.

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 2023May 2024CHANGE
10 Days10 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 1 Day Ago

Newest Listings in LaSalle, IL

Nearby Markets to LaSalle, IL

What housing markets are near LaSalle, IL?