Is Belmont Cragin, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Belmont Cragin has remained a Seller's Market.
Housing Prices in Belmont Cragin, IL
How much do homes in Belmont Cragin, IL cost?
Median Sold Price
$342,500
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Belmont Cragin was $342,500 in April 2024, up 0.9% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $123.5K | +2.9% |
2 Bedrooms | $254.5K | $270K | +6.1% |
3 Bedrooms | $307.5K | $325K | +5.7% |
4 Bedrooms | $359K | $383K | +6.7% |
5+ Bedrooms | $420K | $440.1K | +4.8% |
Summary: Belmont Cragin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Neighborhoods
Montclare | $327.5K | $355K | +8.4% |
Northwest Side | $366.2K | $379.8K | +3.7% |
Belmont Cragin | $339.5K | $342.5K | +0.9% |
Housing Supply in Belmont Cragin, IL
How many homes are available in Belmont Cragin, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
80 | 87 | +8.8% |
Summary: The Belmont Cragin real estate market had 87 homes for sale in April 2024, a 8.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 27 | 33 | +22.2% |
4 Bedrooms | 19 | 21 | +10.5% |
5+ Bedrooms | 23 | 24 | +4.3% |
Summary: The Belmont Cragin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 29 | +52.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Belmont Cragin in April 2024, up by 52.6% month-over-month. Of the 29 sold homes, 38% were sold under asking, 14% were sold at asking, and 48% were sold over asking.
Days on Market for Belmont Cragin, IL
How long does it take to sell a home in Belmont Cragin, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 24 Days | -35.6% |
Summary: Homes in Belmont Cragin had an average of 24 days on market in Apr 2024, down by 35.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in Belmont Cragin; 72% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.