Is 900-910 Lake Shore Drive Condominium, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 900-910 Lake Shore Drive Condominium is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 900-910 Lake Shore Drive Condominium was a Seller's Market.

Key Takeaway

900-910 Lake Shore Drive Condominium is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 900-910 Lake Shore Drive Condominium, IL

How much do homes in 900-910 Lake Shore Drive Condominium, IL cost?

Median Sold Price

$327,500

$299/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$43,750(-11.8%)

Key Takeaway

Homes in 900-910 Lake Shore Drive Condominium have sold for 11.8% less than they did a year ago.

Summary: The median home sold price in 900-910 Lake Shore Drive Condominium was $327,500 in April 2024, down 11.8% from last year, and the median price per square foot was $299.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $235K$261K
+11.1%
2 $407.5K$327.5K
-19.6%
3 $967.5K$577.5K
-40.3%
4 --
N/A
5+ --
N/A

Summary: 900-910 Lake Shore Drive Condominium housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 19.6%, 3 bedroom homes decreased by 40.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Streeterville
+1.9%
Near North Side
-3.7%
900-910 Lake Shore Drive Condominium
-11.8%

Housing Supply in 900-910 Lake Shore Drive Condominium, IL

How many homes are available in 900-910 Lake Shore Drive Condominium, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1113+18.2%

Summary: The 900-910 Lake Shore Drive Condominium real estate market had 13 homes for sale in April 2024, a 18.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 55
0.0%
2 47
+75.0%
3 21
-50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 900-910 Lake Shore Drive Condominium 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 75%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 900-910 Lake Shore Drive Condominium, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 900-910 Lake Shore Drive Condominium in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 900-910 Lake Shore Drive Condominium, IL

How long does it take to sell a home in 900-910 Lake Shore Drive Condominium, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
67 Days75 Days+11.9%

Summary: Homes in 900-910 Lake Shore Drive Condominium had an average of 75 days on market in Apr 2024, up by 11.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 900-910 Lake Shore Drive Condominium are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in 900-910 Lake Shore Drive Condominium; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 4 Days Ago

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