Is 1720 S Michigan Ave., IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 1720 S Michigan Ave. is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 1720 S Michigan Ave. has remained a Seller's Market.

Key Takeaway

1720 S Michigan Ave. is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 1720 S Michigan Ave., IL

How much do homes in 1720 S Michigan Ave., IL cost?

Median Sold Price

$380,000

$329/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$33,500(-8.1%)

Key Takeaway

Homes in 1720 S Michigan Ave. have sold for 8.1% less than they did a month ago.

Summary: The median home sold price in 1720 S Michigan Ave. was $380,000 in April 2024, down 8.1% from last month, and the median price per square foot was $329.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $413.5K$305K
-26.2%
3 -$455K
N/A
4 --
N/A
5+ --
N/A

Summary: 1720 S Michigan Ave. 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 decreased by 26.2%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 1720 S Michigan Ave., IL

How many homes are available in 1720 S Michigan Ave., IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
79+28.6%

Summary: The 1720 S Michigan Ave. real estate market had 9 homes for sale in April 2024, a 28.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 03
+100.0%
2 54
-20.0%
3 22
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 1720 S Michigan Ave. 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 decreased by 20%, 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
220.0%

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 1720 S Michigan Ave., 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 1720 S Michigan Ave. in April 2024, the same as the previous 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 1720 S Michigan Ave., IL

How long does it take to sell a home in 1720 S Michigan Ave., IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
17 Days22 Days+32.4%

Summary: Homes in 1720 S Michigan Ave. had an average of 22 days on market in Apr 2024, up by 32.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 1720 S Michigan Ave. are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in 1720 S Michigan Ave.; 50% of homes were sold within 30 days, 50% 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 22 Days Ago

Newest Listings in 1720 S Michigan Ave., IL

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