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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fulton River District is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Fulton River District has remained a Seller's Market.

Key Takeaway

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

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

+$36,500(+8.4%)

Key Takeaway

Homes in Fulton River District have sold for 8.4% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $320K$320K
0.0%
2 $479K$487.5K
+1.8%
3 $817K$990K
+21.2%
4 $1.4M$982.5K
-30.7%
5+ $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
+11.9%
Fulton River District
+8.4%
West Loop
+4.2%
Near North Side
-3.7%
River North
-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 2024Apr 2024CHANGE
6688+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

# BEDSMar 2024Apr 2024CHANGE
1 1522
+46.7%
2 3142
+35.5%
3 1416
+14.3%
4 57
+40.0%
5+ 11
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 2024Apr 2024CHANGE
1016+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fulton River District, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
33 Days44 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Fulton River District, IL

Nearby Markets to Fulton River District, IL