Is Gold Coast, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Gold Coast has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $219K | $229K | +4.6% |
2 Bedrooms | $397.5K | $399.9K | +0.6% |
3 Bedrooms | $775K | $784K | +1.2% |
4 Bedrooms | $1.3M | $1.2M | -13.2% |
5+ Bedrooms | $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 | $646.7K | $720.9K | +11.5% |
Streeterville | $459.9K | $480K | +4.4% |
Gold Coast | $355K | $368.5K | +3.8% |
Near North Side | $429.5K | $435K | +1.3% |
Old Town | $647K | $655K | +1.2% |
Housing Supply in Gold Coast, IL
How many homes are available in Gold Coast, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
276 | 298 | +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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 71 | 71 | 0.0% |
2 Bedrooms | 74 | 82 | +10.8% |
3 Bedrooms | 83 | 87 | +4.8% |
4 Bedrooms | 25 | 33 | +32.0% |
5+ Bedrooms | 23 | 25 | +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 2024 | Jun 2024 | CHANGE |
---|---|---|
62 | 53 | -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
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 2023 | Jun 2024 | CHANGE |
---|---|---|
44 Days | 36 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
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.