Indian Prairie School District 204 Real Estate Market Update | January 2025 | Kurt Clements

The December numbers are in, so let’s break down the market data for single-family homes in Indian Prairie School District 204.
Hi, I’m Kurt Clements with eXp Realty in the far west suburbs of Chicago.
At the time of this recording, there are 46 active listings in the district with an average list price of $773,004. Additionally, 49 properties are under contract with an average list price of $697,013.
In December, we had 49 homes sold, with an average market time of 43 days. The average sold price was $649,604.
Looking back at the November results, we had 47 homes sold, with an average market time of 34 days. The average sold price was $615,892.
We sold 2 more homes in December, the average market time increased by 9 days, and the average purchase price increased by $33,712.
Looking back at the results from a year ago, the average sold price in the district in December 2023 was $583,722. Comparing that to December 2024 numbers of $649,604, I think it’s safe to say that Indian Prairie School District 204 homeowners have done pretty well!
We still need more inventory in the area and remain in a seller’s market. When we look at the absorption rate, it’s 1 month. The absorption rate is the number of homes available (46) divided by the number of sales (49). In other words, selling the existing inventory would only take 1 month if no new homes came on the market. So, if you are considering selling your home, now is a great time to act, as we need more sellers to take advantage of the market.
And if you’re curious about your next move, reach out! We’ll lay out all your options so you can make a confident decision that’s best for you and your family.
Thanks again for watching, and as always, we’re here to help, and we’ll talk with you soon.
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If you like these videos and want to see more, please GIVE US A THUMBS UP, SUBSCRIBE to our channel, and be sure to CLICK ON THE BELL to be notified whenever we have a new post! searchhomes.kurtclementshomes.com/idx/search/advanced kurtclementshomes.com/contact-us If your house isn't working for you, isn't it time to find a home that does? Reach out to us whether you are a first-time homeowner, considering upsizing or downsizing, or possibly even moving a year from now! We are more than happy to walk you through the process.😇🏡👍 #kurtclementsrealtor #indianprairieschooldistrict204realestatemarketupdate #chicagolandhomeswithkurtclements #ipsd204realestatemarketupdate #indianprairieschooldistrict204 #ipsd204 #indianprairieschooldistrict204realestate #ipsd204realestate #ipsd204marketupdate #indianprairieschooldistrict204marketupdate #indianprairieschooldistrict204housingmarket #ipsd204housingmarket #indianprairieschooldistrict204homesales #ipsd204homesales