Is Gaslight Terrace North, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gaslight Terrace North is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Gaslight Terrace North has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Gaslight Terrace North, IL

How much do homes in Gaslight Terrace North, IL cost?

Median Sold Price

$390,000

$248/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$26,000(-6.3%)

Key Takeaway

Homes in Gaslight Terrace North have sold for 6.2% less than they did a month ago.

Summary: The median home sold price in Gaslight Terrace North was $390,000 in April 2024, down 6.3% from last month, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $347K$390K
+12.4%
4 $485K-
N/A
5+ --
N/A

Summary: Gaslight Terrace North housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 12.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Gaslight Terrace North, IL

How many homes are available in Gaslight Terrace North, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
43-25.0%

Summary: The Gaslight Terrace North real estate market had 3 homes for sale in April 2024, a 25.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Gaslight Terrace North 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gaslight Terrace North, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Gaslight Terrace North in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Gaslight Terrace North, IL

How long does it take to sell a home in Gaslight Terrace North, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
13 Days7 Days-48.1%

Summary: Homes in Gaslight Terrace North had an average of 7 days on market in Apr 2024, down by 48.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gaslight Terrace North are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in Gaslight Terrace North; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 3 Days Ago

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