Is Des Plaines, 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, Des Plaines has remained a Seller's Market.
Housing Prices in Des Plaines, IL
How much do homes in Des Plaines, IL cost?
Median Sold Price
$297,316
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Des Plaines was $297,316 in April 2024, down 1.3% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133K | $139K | +4.5% |
2 Bedrooms | $237.4K | $240K | +1.1% |
3 Bedrooms | $333.7K | $355K | +6.4% |
4 Bedrooms | $407K | $409K | 0.5% |
5+ Bedrooms | $535K | $590K | +10.3% |
Summary: Des Plaines housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
Mount Prospect | $351.9K | $380.1K | +8.0% |
Maine Township | $334.8K | $359.9K | +7.5% |
Park Ridge | $495K | $522.4K | +5.5% |
Des Plaines | $301.1K | $297.3K | -1.3% |
Housing Supply in Des Plaines, IL
How many homes are available in Des Plaines, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
195 | 223 | +14.4% |
Summary: The Des Plaines real estate market had 223 homes for sale in April 2024, a 14.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 17 | -10.5% |
2 Bedrooms | 74 | 84 | +13.5% |
3 Bedrooms | 68 | 77 | +13.2% |
4 Bedrooms | 23 | 31 | +34.8% |
5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Des Plaines housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 68 | +19.3% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 68 homes were sold or pending in Des Plaines in April 2024, up by 19.3% month-over-month. Of the 68 sold homes, 35% were sold under asking, 9% were sold at asking, and 56% were sold over asking.
Days on Market for Des Plaines, IL
How long does it take to sell a home in Des Plaines, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 13 Days | -38.5% |
Summary: Homes in Des Plaines had an average of 13 days on market in Apr 2024, down by 38.5% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 68 homes were sold in Des Plaines; 91% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.