Is Far North Side, 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, Far North Side has remained a Seller's Market.
Housing Prices in Far North Side, IL
How much do homes in Far North Side, IL cost?
Median Sold Price
$349,930
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Far North Side was $349,930 in March 2024, up 5.7% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $144.5K | $153.2K | +6.0% |
2 Bedrooms | $260.6K | $270.1K | +3.6% |
3 Bedrooms | $424.9K | $434.9K | +2.4% |
4 Bedrooms | $549.9K | $596.3K | +8.4% |
5+ Bedrooms | $620.1K | $650K | +4.8% |
Summary: Far North Side housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Neighborhoods
Sauganash | $512.5K | $609.2K | +18.9% |
Far North Side | $331.1K | $349.9K | +5.7% |
Housing Supply in Far North Side, IL
How many homes are available in Far North Side, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
995 | 1,203 | +20.9% |
Summary: The Far North Side real estate market had 1,203 homes for sale in March 2024, a 20.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 143 | 180 | +25.9% |
2 Bedrooms | 337 | 413 | +22.6% |
3 Bedrooms | 270 | 319 | +18.1% |
4 Bedrooms | 125 | 149 | +19.2% |
5+ Bedrooms | 120 | 142 | +18.3% |
Summary: The Far North Side housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25.9%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 18.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
218 | 319 | +46.3% |
Asking Price vs. Sold Price
133 Homes Were Sold
Under Asking
65 Homes Were Sold
At Asking
121 Homes Were Sold
Over Asking
Summary: A total of 319 homes were sold or pending in Far North Side in March 2024, up by 46.3% month-over-month. Of the 319 sold homes, 42% were sold under asking, 20% were sold at asking, and 38% were sold over asking.
Days on Market for Far North Side, IL
How long does it take to sell a home in Far North Side, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 31 Days | -8.1% |
Summary: Homes in Far North Side had an average of 31 days on market in Mar 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
229 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
37 Homes Were Sold
Over 90 Days
Summary: During March 2024, 319 homes were sold in Far North Side; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.