Is Itasca, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Itasca has remained a Seller's Market.
Housing Prices in Itasca, IL
How much do homes in Itasca, IL cost?
Median Sold Price
$385,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Itasca was $385,000 in April 2024, up 4.1% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | - | N/A |
2 Bedrooms | $322K | $335K | +4.0% |
3 Bedrooms | $343.5K | $370K | +7.7% |
4 Bedrooms | $547.4K | $550K | 0.5% |
5+ Bedrooms | $620K | $823K | +32.7% |
Summary: Itasca housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 32.7%.
Median Sold Price Compared To Nearby Cities
Addison Township | $324.9K | $350K | +7.7% |
Elk Grove Village | $315.8K | $339.5K | +7.5% |
Roselle | $288.4K | $310K | +7.5% |
Wood Dale | $310K | $323.7K | +4.4% |
Itasca | $370K | $385K | +4.1% |
Housing Supply in Itasca, IL
How many homes are available in Itasca, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 29 | +26.1% |
Summary: The Itasca real estate market had 29 homes for sale in April 2024, a 26.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 5 | +150.0% |
3 Bedrooms | 9 | 14 | +55.6% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Itasca housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 55.6%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Itasca in April 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Itasca, IL
How long does it take to sell a home in Itasca, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 35 Days | +147.4% |
Summary: Homes in Itasca had an average of 35 days on market in Apr 2024, up by 147.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Itasca; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.