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 buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Gold Coast was a Neutral Market.

Key Takeaway

Gold Coast is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Gold Coast, IL

How much do homes in Gold Coast, IL cost?

Median Sold Price

$360,000

$306/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$4,091(-1.1%)

Key Takeaway

Homes in Gold Coast have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in Gold Coast was $360,000 in February 2024, down 1.1% from last year, and the median price per square foot was $306.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $217K$226K
+4.1%
2 $410K$389K
-5.1%
3 $832.5K$749K
-10.0%
4 $1.1M$1.4M
+29.2%
5+ $3.2M$2.2M
-32.3%

Summary: Gold Coast housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes decreased by 32.3%.

Median Sold Price Compared To Nearby Neighborhoods

Lincoln Park
+12.7%
Streeterville
+7.5%
Old Town
+5.8%
Gold Coast
-1.1%
Near North Side
-3.5%

Housing Supply in Gold Coast, IL

How many homes are available in Gold Coast, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
222291+31.1%

Summary: The Gold Coast real estate market had 291 homes for sale in February 2024, a 31.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 5074
+48.0%
2 5885
+46.6%
3 6580
+23.1%
4 2830
+7.1%
5+ 2122
+4.8%

Summary: The Gold Coast housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 48%, 2 bedroom homes increased by 46.6%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 4.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2838+35.7%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 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. 84.2% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Gold Coast in February 2024, up by 35.7% month-over-month. Of the 38 sold homes, 84% were sold under asking, 5% were sold at asking, and 11% 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

Feb 2023Feb 2024CHANGE
126 Days65 Days-48.1%

Summary: Homes in Gold Coast had an average of 65 days on market in Feb 2024, down by 48.1% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

11 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 February 2024, 38 homes were sold in Gold Coast; 61% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 29% 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 1 Day Ago

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