Is Beach Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Beach Park has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.4K | - | N/A |
2 Bedrooms | $185K | $196.9K | +6.5% |
3 Bedrooms | $240K | $236.2K | -1.6% |
4 Bedrooms | $308.8K | $307.5K | -0.4% |
5+ Bedrooms | $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 | $180.3K | $215K | +19.2% |
Zion Township | $180.5K | $215K | +19.1% |
Waukegan | $200K | $223.7K | +11.9% |
Beach Park | $245K | $245.4K | 0.2% |
Benton Township | $236.4K | $210.3K | -11.0% |
Housing Supply in Beach Park, IL
How many homes are available in Beach Park, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 28 | -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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 2 | 2 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 5 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 46 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
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.