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 seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Gold Coast has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Gold Coast, IL

How much do homes in Gold Coast, IL cost?

Median Sold Price

$368,527

$313/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$13,527(+3.8%)

Key Takeaway

Homes in Gold Coast have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Gold Coast was $368,527 in June 2024, up 3.8% from last year, and the median price per square foot was $313.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $219K$229K
+4.6%
2 $397.5K$399.9K
+0.6%
3 $775K$784K
+1.2%
4 $1.3M$1.2M
-13.2%
5+ $3.0M$2.5M
-16.5%

Summary: Gold Coast housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes decreased by 16.5%.

Median Sold Price Compared To Nearby Neighborhoods

Lincoln Park
+11.5%
Streeterville
+4.4%
Gold Coast
+3.8%
Near North Side
+1.3%
Old Town
+1.2%

Housing Supply in Gold Coast, IL

How many homes are available in Gold Coast, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
276298+8.0%

Summary: The Gold Coast real estate market had 298 homes for sale in June 2024, a 8.0% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 7171
0.0%
2 7482
+10.8%
3 8387
+4.8%
4 2533
+32.0%
5+ 2325
+8.7%

Summary: The Gold Coast housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 32%, and 5+ bedroom homes increased by 8.7%.

Number of Homes Sold

May 2024Jun 2024CHANGE
6253-14.5%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

8 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. 65.4% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in Gold Coast in June 2024, down by 14.5% month-over-month. Of the 52 sold homes, 65% were sold under asking, 19% were sold at asking, and 15% 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

Jun 2023Jun 2024CHANGE
44 Days36 Days-19.0%

Summary: Homes in Gold Coast had an average of 36 days on market in Jun 2024, down by 19% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 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 June 2024, 53 homes were sold in Gold Coast; 70% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% 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 26 Days Ago

Newest Listings in Gold Coast, IL

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