Is Armour Square, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Armour Square was a Neutral Market.
Housing Prices in Armour Square, IL
How much do homes in Armour Square, IL cost?
Median Sold Price
$624,750
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Armour Square was $624,750 in April 2024, up 42.5% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $329.5K | $282.5K | -14.3% |
3 Bedrooms | $388K | $699.9K | +80.4% |
4 Bedrooms | $460K | $630K | +37.0% |
5+ Bedrooms | $630.5K | $550K | -12.8% |
Summary: Armour Square 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 decreased by 14.3%, 3 bedroom homes increased by 80.4%, 4 bedroom homes increased by 37%, and 5+ bedroom homes decreased by 12.8%.
Median Sold Price Compared To Nearby Neighborhoods
Armour Square | $438.5K | $624.7K | +42.5% |
Central | $366.2K | $384.3K | +4.9% |
Near South Side | $374.9K | $384.2K | +2.5% |
Douglas | $285K | $224K | -21.4% |
Housing Supply in Armour Square, IL
How many homes are available in Armour Square, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Summary: The Armour Square real estate market had 10 homes for sale in April 2024, a 42.9% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Armour Square 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 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Armour Square in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Armour Square, IL
How long does it take to sell a home in Armour Square, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 28 Days | +35.7% |
Summary: Homes in Armour Square had an average of 28 days on market in Apr 2024, up by 35.7% compared to last year.
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
Summary: During April 2024, 2 homes were sold in Armour Square; 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.