Is 1600 Museum Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 1600 Museum Park is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 1600 Museum Park has remained a Seller's Market.

Key Takeaway

1600 Museum Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 1600 Museum Park, IL

How much do homes in 1600 Museum Park, IL cost?

Median Sold Price

$495,000

$378/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$150,000(-23.3%)

Key Takeaway

Homes in 1600 Museum Park have sold for 23.3% less than they did a month ago.

Summary: The median home sold price in 1600 Museum Park was $495,000 in April 2024, down 23.3% from last month, and the median price per square foot was $378.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$495K
N/A
3 $645K-
N/A
4 --
N/A
5+ --
N/A

Summary: 1600 Museum Park housing prices by bedroom type for April 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 1600 Museum Park, IL

How many homes are available in 1600 Museum Park, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
46+50.0%

Summary: The 1600 Museum Park real estate market had 6 homes for sale in April 2024, a 50.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 23
+50.0%
3 22
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 1600 Museum Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 1600 Museum Park, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in 1600 Museum Park in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 1600 Museum Park, IL

How long does it take to sell a home in 1600 Museum Park, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
74 Days11 Days-84.5%

Summary: Homes in 1600 Museum Park had an average of 11 days on market in Apr 2024, down by 84.5% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 1600 Museum Park are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in 1600 Museum Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 1600 Museum Park, IL

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