Is La Salle, 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 Salle has remained a Seller's Market.
Housing Prices in La Salle, IL
How much do homes in La Salle, IL cost?
Median Sold Price
$115,000
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in La Salle was $115,000 in May 2024, down 6.5% from last year, and the median price per square foot was $97.
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 | $139.5K | $146.7K | +5.2% |
4 Bedrooms | $124.5K | $142.7K | +14.7% |
5+ Bedrooms | $135K | $169K | +25.2% |
Summary: La Salle 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 5.2%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 25.2%.
Median Sold Price Compared To Nearby Cities
North Utica | $155K | $250K | +61.3% |
LaSalle Township | $110K | $110K | 0.0% |
La Salle | $123K | $115K | -6.5% |
LaSalle | $117.5K | $108.7K | -7.4% |
Housing Supply in La Salle, IL
How many homes are available in La Salle, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 27 | -3.6% |
Summary: The La Salle real estate market had 27 homes for sale in May 2024, a 3.6% 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 | 11 | 11 | 0.0% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The La Salle 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 remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in La Salle in May 2024, down by 25.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for La Salle, IL
How long does it take to sell a home in La Salle, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 9 Days | -11.8% |
Summary: Homes in La Salle had an average of 9 days on market in May 2024, down by 11.8% compared to last year.
Breakdown of Home Sale Times
8 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, 9 homes were sold in La Salle; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.