Darien, IL Homes for Sale & Real Estate Listings

In October 2024, home prices in Darien experienced significant growth, rising 15.5% year-over-year to a median sale price of $413,000. Despite the increase in prices, homes took longer to sell on average, with properties spending 54 days on the market compared to 39 days during the same period last year. However, the number of homes sold increased, with 28 transactions this October compared to 22 last year. This combination of higher prices, longer market times, and increased sales volume suggests a strong demand for homes in Darien, even as buyers take slightly more time to finalize their decisions. For sellers, this market presents an opportunity to capitalize on rising property values.

Darien is a moderately competitive housing market, with homes typically selling within 50 days. While not all properties attract multiple offers, some do, especially those in desirable locations or priced competitively. On average, homes sell for about 1% below the list price and go under contract in roughly 50 days. However, "hot" homes—those that are highly sought after—can sell for approximately 1% above the list price and go pending in as few as 35 days. This reflects a market where well-presented and strategically priced homes are more likely to generate strong interest and faster sales.

In November 2024, Darien, IL, was a seller's market, indicating that demand for homes exceeded the available supply. This competitive environment benefits sellers, often resulting in quicker sales and strong offers as buyers compete for limited inventory. For buyers, navigating this market may require acting quickly and making competitive offers to secure a property in this sought-after community.