Is Far Southeast Side, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Far Southeast Side was a Seller's Market.
Housing Prices in Far Southeast Side, IL
How much do homes in Far Southeast Side, IL cost?
Median Sold Price
$176,335
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Far Southeast Side was $176,335 in April 2024, up 0.8% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40K | $75K | +87.5% |
2 Bedrooms | $125.5K | $117.5K | -6.4% |
3 Bedrooms | $170.1K | $178.9K | +5.2% |
4 Bedrooms | $184.9K | $190K | +2.7% |
5+ Bedrooms | $229.5K | $235K | +2.4% |
Summary: Far Southeast Side housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 87.5%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
Pullman | $156K | $180K | +15.4% |
Far Southeast Side | $174.9K | $176.3K | +0.8% |
South Deering | $117K | $108.3K | -7.4% |
Greater Chicago | $187.6K | $173.8K | -7.4% |
Housing Supply in Far Southeast Side, IL
How many homes are available in Far Southeast Side, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
815 | 927 | +13.7% |
Summary: The Far Southeast Side real estate market had 927 homes for sale in April 2024, a 13.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 116 | 127 | +9.5% |
3 Bedrooms | 329 | 384 | +16.7% |
4 Bedrooms | 179 | 215 | +20.1% |
5+ Bedrooms | 186 | 196 | +5.4% |
Summary: The Far Southeast Side housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes increased by 5.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
130 | 127 | -2.3% |
Asking Price vs. Sold Price
58 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Summary: A total of 127 homes were sold or pending in Far Southeast Side in April 2024, down by 2.3% month-over-month. Of the 127 sold homes, 46% were sold under asking, 26% were sold at asking, and 28% were sold over asking.
Days on Market for Far Southeast Side, IL
How long does it take to sell a home in Far Southeast Side, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 65 Days | +11.4% |
Summary: Homes in Far Southeast Side had an average of 65 days on market in Apr 2024, up by 11.4% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Summary: During April 2024, 127 homes were sold in Far Southeast Side; 51% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.