Is East Village, 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, East Village has remained a Seller's Market.
Housing Prices in East Village, IL
How much do homes in East Village, IL cost?
Median Sold Price
$619,950
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Village was $619,950 in April 2024, up 2.4% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $262.5K | $266.5K | +1.5% |
2 Bedrooms | $505K | $555K | +9.9% |
3 Bedrooms | $671.2K | $675K | +0.6% |
4 Bedrooms | $840K | $772.5K | -8.0% |
5+ Bedrooms | $990K | $930K | -6.1% |
Summary: East Village housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 6.1%.
Median Sold Price Compared To Nearby Neighborhoods
Noble Square | $531K | $627.5K | +18.2% |
West Town | $550K | $625K | +13.6% |
Wicker Park | $594K | $617.9K | +4.0% |
East Village | $605.5K | $619.9K | +2.4% |
West Side | $410.1K | $414K | +0.9% |
Housing Supply in East Village, IL
How many homes are available in East Village, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 70 | +34.6% |
Summary: The East Village real estate market had 70 homes for sale in April 2024, a 34.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 24 | 35 | +45.8% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The East Village housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 45.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 20 | +42.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in East Village in April 2024, up by 42.9% month-over-month. Of the 20 sold homes, 55% were sold under asking, 15% were sold at asking, and 30% were sold over asking.
Days on Market for East Village, IL
How long does it take to sell a home in East Village, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 11 Days | -54.3% |
Summary: Homes in East Village had an average of 11 days on market in Apr 2024, down by 54.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in East Village; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.