Is Chicago, NE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Chicago was a Buyer's Market.
Key Takeaway
Chicago is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chicago, NE
How much do homes in Chicago, NE cost?
Median Sold Price
$524,975
$184/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Chicago have sold for 45.2% more than they did a month ago.
Summary: The median home sold price in Chicago was $524,975 in May 2024, up 45.2% from last month, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320.3K | - | N/A |
| 3 Bedrooms | $371.1K | $329.4K | -11.2% |
| 4 Bedrooms | - | $512.5K | N/A |
| 5+ Bedrooms | - | $719K | N/A |
Summary: Chicago housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 11.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Chicago | $361.5K | $524.9K | +45.2% |
| Millard | $387.6K | $435K | +12.2% |
| Richland VII | $367.5K | $371.6K | +1.1% |
Housing Supply in Chicago, NE
How many homes are available in Chicago, NE?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 158 | +135.8% |
Summary: The Chicago real estate market had 158 homes for sale in May 2024, a 135.8% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 24 | 46 | +91.7% |
| 4 Bedrooms | 18 | 64 | +255.6% |
| 5+ Bedrooms | 24 | 47 | +95.8% |
Summary: The Chicago 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 remained the same, 3 bedroom homes increased by 91.7%, 4 bedroom homes increased by 255.6%, and 5+ bedroom homes increased by 95.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 38 | +850.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chicago, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Chicago in May 2024, up by 850.0% month-over-month. Of the 38 sold homes, 42% were sold under asking, 32% were sold at asking, and 26% were sold over asking.
Days on Market for Chicago, NE
How long does it take to sell a home in Chicago, NE?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 152 Days | 20 Days | -86.4% |
Summary: Homes in Chicago had an average of 20 days on market in May 2024, down by 86.4% compared to last month.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chicago are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 38 homes were sold in Chicago; 84% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.