Is Hinsdale, 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, Hinsdale has remained a Seller's Market.
Housing Prices in Hinsdale, IL
How much do homes in Hinsdale, IL cost?
Median Sold Price
$1,171,826
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hinsdale was $1,171,826 in May 2024, up 17.2% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $392.5K | $350K | -10.8% |
3 Bedrooms | $699K | $705.6K | +1.0% |
4 Bedrooms | $1.0M | $1.1M | +5.2% |
5+ Bedrooms | $1.6M | $1.7M | +3.0% |
Summary: Hinsdale 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 10.8%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
Hinsdale | $999.7K | $1.1M | +17.2% |
Indian Head Park | $320K | $370K | +15.6% |
Western Springs | $676K | $725.5K | +7.3% |
Westmont | $352.5K | $345K | -2.1% |
Burr Ridge | $692.5K | $674K | -2.7% |
Housing Supply in Hinsdale, IL
How many homes are available in Hinsdale, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
97 | 115 | +18.6% |
Summary: The Hinsdale real estate market had 115 homes for sale in May 2024, a 18.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 17 | 21 | +23.5% |
4 Bedrooms | 35 | 39 | +11.4% |
5+ Bedrooms | 39 | 47 | +20.5% |
Summary: The Hinsdale 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 increased by 40%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 20.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 24 | -14.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Hinsdale in May 2024, down by 14.3% month-over-month. Of the 24 sold homes, 54% were sold under asking, 21% were sold at asking, and 25% were sold over asking.
Days on Market for Hinsdale, IL
How long does it take to sell a home in Hinsdale, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 33 Days | -6.2% |
Summary: Homes in Hinsdale had an average of 33 days on market in May 2024, down by 6.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Hinsdale; 79% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.