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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beach Park is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Beach Park has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Beach Park, IL

How much do homes in Beach Park, IL cost?

Median Sold Price

$245,450

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$450(+0.2%)

Key Takeaway

The sold price of homes in Beach Park has remained the same since last year.

Summary: The median home sold price in Beach Park was $245,450 in March 2024, up 0.2% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $127.4K-
N/A
2 $185K$196.9K
+6.5%
3 $240K$236.2K
-1.6%
4 $308.8K$307.5K
-0.4%
5+ $313K$270.9K
-13.5%

Summary: Beach Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 13.5%.

Median Sold Price Compared To Nearby Cities

Zion
+19.2%
Zion Township
+19.1%
Waukegan
+11.9%
Beach Park
0.2%
Benton Township
-11.0%

Housing Supply in Beach Park, IL

How many homes are available in Beach Park, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3228-12.5%

Summary: The Beach Park real estate market had 28 homes for sale in March 2024, a 12.5% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 97
-22.2%
3 1413
-7.1%
4 65
-16.7%
5+ 22
0.0%

Summary: The Beach Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
105-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beach Park, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Beach Park in March 2024, down by 50.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for Beach Park, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
33 Days46 Days+38.1%

Summary: Homes in Beach Park had an average of 46 days on market in Mar 2024, up by 38.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were 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 Beach Park are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 5 homes were sold in Beach Park; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 24 Days Ago

Newest Listings in Beach Park, IL

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