Is Gold Coast, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gold Coast is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Gold Coast was a Seller's Market.

Key Takeaway

Gold Coast is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Gold Coast, IL

How much do homes in Gold Coast, IL cost?

Median Sold Price

$362,333

$312/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$2,808(-0.8%)

Key Takeaway

Homes in Gold Coast have sold for 0.8% less than they did a year ago.

Summary: The median home sold price in Gold Coast was $362,333 in April 2024, down 0.8% from last year, and the median price per square foot was $312.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $217K$230K
+6.0%
2 $397.5K$395K
-0.6%
3 $815K$725K
-11.0%
4 $1.4M$1.2M
-13.2%
5+ $3.4M$2.2M
-35.5%

Summary: Gold Coast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 11%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes decreased by 35.5%.

Median Sold Price Compared To Nearby Neighborhoods

Lincoln Park
+11.2%
Old Town
+5.7%
Streeterville
+1.9%
Gold Coast
-0.8%
Near North Side
-3.7%

Housing Supply in Gold Coast, IL

How many homes are available in Gold Coast, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
286319+11.5%

Summary: The Gold Coast real estate market had 319 homes for sale in April 2024, a 11.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 6978
+13.0%
2 8595
+11.8%
3 8294
+14.6%
4 2828
0.0%
5+ 2224
+9.1%

Summary: The Gold Coast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 14.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
5852-10.3%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gold Coast, you may be able to get a good deal. 73.1% of homes here sold below asking price last month.

Summary: A total of 52 homes were sold or pending in Gold Coast in April 2024, down by 10.3% month-over-month. Of the 52 sold homes, 73% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for Gold Coast, IL

How long does it take to sell a home in Gold Coast, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
52 Days45 Days-13.2%

Summary: Homes in Gold Coast had an average of 45 days on market in Apr 2024, down by 13.2% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 52 homes were sold in Gold Coast; 62% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% 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 2 Days Ago

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