Is Fulton River District, 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, Fulton River District has remained a Seller's Market.
Housing Prices in Fulton River District, IL
How much do homes in Fulton River District, IL cost?
Median Sold Price
$470,000
$367/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fulton River District was $470,000 in April 2024, up 8.4% from last year, and the median price per square foot was $367.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $320K | 0.0% |
2 Bedrooms | $479K | $487.5K | +1.8% |
3 Bedrooms | $817K | $990K | +21.2% |
4 Bedrooms | $1.4M | $982.5K | -30.7% |
5+ Bedrooms | $1.4M | - | N/A |
Summary: Fulton River District 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 1.8%, 3 bedroom homes increased by 21.2%, 4 bedroom homes decreased by 30.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
River West | $465K | $520.2K | +11.9% |
Fulton River District | $433.5K | $470K | +8.4% |
West Loop | $443.9K | $462.6K | +4.2% |
Near North Side | $436.5K | $420.3K | -3.7% |
River North | $440.5K | $406.8K | -7.6% |
Housing Supply in Fulton River District, IL
How many homes are available in Fulton River District, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
66 | 88 | +33.3% |
Summary: The Fulton River District real estate market had 88 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 22 | +46.7% |
2 Bedrooms | 31 | 42 | +35.5% |
3 Bedrooms | 14 | 16 | +14.3% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fulton River District housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 46.7%, 2 bedroom homes increased by 35.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 16 | +60.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Fulton River District in April 2024, up by 60.0% month-over-month. Of the 16 sold homes, 50% were sold under asking, 19% were sold at asking, and 31% were sold over asking.
Days on Market for Fulton River District, IL
How long does it take to sell a home in Fulton River District, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 44 Days | +31.9% |
Summary: Homes in Fulton River District had an average of 44 days on market in Apr 2024, up by 31.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Fulton River District; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.