Is Fulton Market, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fulton Market is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Fulton Market was a Buyer's Market.

Key Takeaway

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

Housing Prices in Fulton Market, IL

How much do homes in Fulton Market, IL cost?

Median Sold Price

$810,000

$476/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$161,000(+24.8%)

Key Takeaway

Homes in Fulton Market have sold for 24.8% more than they did a year ago.

Summary: The median home sold price in Fulton Market was $810,000 in April 2024, up 24.8% from last year, and the median price per square foot was $476.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $352.5K$352.4K
0%
2 $530K$589.5K
+11.2%
3 $999K$1.1M
+10.1%
4 $1.4M$3.0M
+112.2%
5+ $1.0M$2.8M
+185.0%

Summary: Fulton Market housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 112.2%, and 5+ bedroom homes increased by 185%.

Median Sold Price Compared To Nearby Neighborhoods

Fulton Market
+24.8%
Noble Square
+18.2%
River West
+11.9%
Fulton River District
+8.4%
Greektown
+4.0%

Housing Supply in Fulton Market, IL

How many homes are available in Fulton Market, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6083+38.3%

Summary: The Fulton Market real estate market had 83 homes for sale in April 2024, a 38.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 816
+100.0%
2 2432
+33.3%
3 2124
+14.3%
4 68
+33.3%
5+ 13
+200.0%

Summary: The Fulton Market housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1215+25.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fulton Market, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Fulton Market in April 2024, up by 25.0% month-over-month. Of the 15 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% were sold over asking.

Days on Market for Fulton Market, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
32 Days42 Days+30.7%

Summary: Homes in Fulton Market had an average of 42 days on market in Apr 2024, up by 30.7% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 15 homes were sold in Fulton Market; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% 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 17 Days Ago

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