Is Humboldt Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Humboldt Park has remained a Seller's Market.
Housing Prices in Humboldt Park, IL
How much do homes in Humboldt Park, IL cost?
Median Sold Price
$399,333
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Humboldt Park was $399,333 in April 2024, up 5.5% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $134K | $320K | +138.8% |
2 Bedrooms | $337.5K | $325K | -3.7% |
3 Bedrooms | $425K | $439K | +3.3% |
4 Bedrooms | $345K | $337.5K | -2.2% |
5+ Bedrooms | $408.7K | $430K | +5.2% |
Summary: Humboldt Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 138.8%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 5.2%.
Housing Supply in Humboldt Park, IL
How many homes are available in Humboldt Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
158 | 191 | +20.9% |
Summary: The Humboldt Park real estate market had 191 homes for sale in April 2024, a 20.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 26 | 27 | +3.8% |
3 Bedrooms | 49 | 48 | -2.0% |
4 Bedrooms | 17 | 28 | +64.7% |
5+ Bedrooms | 62 | 84 | +35.5% |
Summary: The Humboldt Park 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 increased by 3.8%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 64.7%, and 5+ bedroom homes increased by 35.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 40 | +8.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Humboldt Park in April 2024, up by 8.1% month-over-month. Of the 40 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for Humboldt Park, IL
How long does it take to sell a home in Humboldt Park, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 25 Days | -52.4% |
Summary: Homes in Humboldt Park had an average of 25 days on market in Apr 2024, down by 52.4% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 40 homes were sold in Humboldt Park; 75% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.