Is Hyde Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hyde Park was a Neutral Market.
Housing Prices in Hyde Park, IL
How much do homes in Hyde Park, IL cost?
Median Sold Price
$257,500
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hyde Park was $257,500 in March 2024, up 12% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137K | $138.1K | +0.8% |
2 Bedrooms | $207K | $195K | -5.8% |
3 Bedrooms | $322.5K | $368.3K | +14.2% |
4 Bedrooms | $570K | $445K | -21.9% |
5+ Bedrooms | $968K | $636K | -34.3% |
Summary: Hyde Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 14.2%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes decreased by 34.3%.
Median Sold Price Compared To Nearby Neighborhoods
Hyde Park | $230K | $257.5K | +12.0% |
Kenwood | $285K | $313.5K | +10.0% |
South Side | $265K | $264.9K | -0.1% |
Woodlawn | $299K | $280K | -6.4% |
Housing Supply in Hyde Park, IL
How many homes are available in Hyde Park, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
74 | 94 | +27.0% |
Summary: The Hyde Park real estate market had 94 homes for sale in March 2024, a 27.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 19 | +46.2% |
2 Bedrooms | 22 | 29 | +31.8% |
3 Bedrooms | 23 | 26 | +13.0% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Hyde Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 46.2%, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Hyde Park in March 2024, the same as the previous month. Of the 12 sold homes, 83% were sold under asking, 8% were sold at asking, and 8% were sold over asking.
Days on Market for Hyde Park, IL
How long does it take to sell a home in Hyde Park, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
70 Days | 58 Days | -16.6% |
Summary: Homes in Hyde Park had an average of 58 days on market in Mar 2024, down by 16.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Hyde Park; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.