Is Bucktown, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bucktown is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Bucktown, IL

How much do homes in Bucktown, IL cost?

Median Sold Price

$690,000

$343/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$85,875(+14.2%)

Key Takeaway

Homes in Bucktown have sold for 14.2% more than they did a year ago.

Summary: The median home sold price in Bucktown was $690,000 in April 2024, up 14.2% from last year, and the median price per square foot was $343.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $281K$285.7K
+1.7%
2 $459.9K$505K
+9.8%
3 $742K$815K
+9.8%
4 $1.1M$1.2M
+5.0%
5+ $1.4M$1.2M
-12.3%

Summary: Bucktown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 12.3%.

Median Sold Price Compared To Nearby Neighborhoods

Bucktown
+14.2%
Logan Square
+10.8%
Roscoe Village
+9.0%
North Side
+6.3%
Wicker Park
+4.0%

Housing Supply in Bucktown, IL

How many homes are available in Bucktown, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7795+23.4%

Summary: The Bucktown real estate market had 95 homes for sale in April 2024, a 23.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 32
-33.3%
2 1624
+50.0%
3 3237
+15.6%
4 1218
+50.0%
5+ 1414
0.0%

Summary: The Bucktown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
27270.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bucktown, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in Bucktown in April 2024, the same as the previous month. Of the 27 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.

Days on Market for Bucktown, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
30 Days29 Days-1.4%

Summary: Homes in Bucktown had an average of 29 days on market in Apr 2024, down by 1.4% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bucktown are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 27 homes were sold in Bucktown; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% 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 3 Days Ago

Newest Listings in Bucktown, IL

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