Is Evergreen Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Evergreen Park has remained a Seller's Market.
Housing Prices in Evergreen Park, IL
How much do homes in Evergreen Park, IL cost?
Median Sold Price
$272,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Evergreen Park was $272,000 in February 2024, up 4.7% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $103.8K | - | N/A |
2 Bedrooms | $220K | $230K | +4.5% |
3 Bedrooms | $264.9K | $266K | 0.4% |
4 Bedrooms | $326K | $299K | -8.3% |
5+ Bedrooms | $440K | $445K | +1.1% |
Summary: Evergreen Park housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
Worth Township | $230K | $242K | +5.2% |
Evergreen Park | $259.9K | $272K | +4.7% |
Chicago | $346.9K | $343.3K | -1.0% |
Housing Supply in Evergreen Park, IL
How many homes are available in Evergreen Park, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
51 | 63 | +23.5% |
Summary: The Evergreen Park real estate market had 63 homes for sale in February 2024, a 23.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 14 | +100.0% |
3 Bedrooms | 34 | 38 | +11.8% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Evergreen Park housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Evergreen Park in February 2024, up by 9.1% month-over-month. Of the 12 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Evergreen Park, IL
How long does it take to sell a home in Evergreen Park, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
70 Days | 31 Days | -54.6% |
Summary: Homes in Evergreen Park had an average of 31 days on market in Feb 2024, down by 54.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 12 homes were sold in Evergreen Park; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.