Is Beach Park, 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, Beach Park has remained a Seller's Market.
Housing Prices in Beach Park, IL
How much do homes in Beach Park, IL cost?
Median Sold Price
$247,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Beach Park was $247,000 in April 2024, up 0.9% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | - | N/A |
2 Bedrooms | $182.5K | $199.9K | +9.6% |
3 Bedrooms | $240K | $245K | +2.1% |
4 Bedrooms | $304.5K | $307.5K | +1.0% |
5+ Bedrooms | $316.5K | $270.9K | -14.4% |
Summary: Beach Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 14.4%.
Median Sold Price Compared To Nearby Cities
Zion Township | $181.5K | $217K | +19.6% |
Zion | $181.5K | $217K | +19.6% |
Waukegan | $200K | $224.9K | +12.5% |
Beach Park | $244.9K | $247K | +0.9% |
Benton Township | $235.6K | $210K | -10.9% |
Housing Supply in Beach Park, IL
How many homes are available in Beach Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 41 | +41.4% |
Summary: The Beach Park real estate market had 41 homes for sale in April 2024, a 41.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 13 | +62.5% |
3 Bedrooms | 13 | 17 | +30.8% |
4 Bedrooms | 5 | 9 | +80.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Beach Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 80%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 11 | +120.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Beach Park in April 2024, up by 120.0% month-over-month. Of the 11 sold homes, 18% were sold under asking, 18% were sold at asking, and 64% were sold over asking.
Days on Market for Beach Park, IL
How long does it take to sell a home in Beach Park, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 22 Days | -28.2% |
Summary: Homes in Beach Park had an average of 22 days on market in Apr 2024, down by 28.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Beach Park; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.