Is North Side, 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, North Side has remained a Seller's Market.
Housing Prices in North Side, IL
How much do homes in North Side, IL cost?
Median Sold Price
$580,533
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Side was $580,533 in April 2024, up 6.3% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229.6K | $234.9K | +2.3% |
2 Bedrooms | $414.9K | $439.5K | +5.9% |
3 Bedrooms | $673.2K | $712.5K | +5.8% |
4 Bedrooms | $995K | $1.0M | +1.9% |
5+ Bedrooms | $1.1M | $1.2M | +7.6% |
Summary: North Side housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Neighborhoods
Lakeview East | $280.3K | $320K | +14.1% |
Sheffield & DePaul | $675K | $749.9K | +11.1% |
Southport Corridor | $624K | $692.5K | +11.0% |
North Side | $546.3K | $580.5K | +6.3% |
Housing Supply in North Side, IL
How many homes are available in North Side, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,271 | 1,519 | +19.5% |
Summary: The North Side real estate market had 1,519 homes for sale in April 2024, a 19.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 170 | 190 | +11.8% |
2 Bedrooms | 371 | 430 | +15.9% |
3 Bedrooms | 332 | 400 | +20.5% |
4 Bedrooms | 175 | 220 | +25.7% |
5+ Bedrooms | 223 | 279 | +25.1% |
Summary: The North Side housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 25.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
350 | 419 | +19.7% |
Asking Price vs. Sold Price
167 Homes Were Sold
Under Asking
70 Homes Were Sold
At Asking
182 Homes Were Sold
Over Asking
Summary: A total of 419 homes were sold or pending in North Side in April 2024, up by 19.7% month-over-month. Of the 419 sold homes, 40% were sold under asking, 17% were sold at asking, and 43% were sold over asking.
Days on Market for North Side, IL
How long does it take to sell a home in North Side, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 21 Days | -36.0% |
Summary: Homes in North Side had an average of 21 days on market in Apr 2024, down by 36% compared to last year.
Breakdown of Home Sale Times
352 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During April 2024, 419 homes were sold in North Side; 84% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.