Is Irving Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Irving Park has remained a Seller's Market.
Housing Prices in Irving Park, IL
How much do homes in Irving Park, IL cost?
Median Sold Price
$457,500
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Irving Park was $457,500 in March 2024, down 4.6% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147.2K | $150K | +1.9% |
2 Bedrooms | $228K | $255K | +11.8% |
3 Bedrooms | $576K | $525K | -8.9% |
4 Bedrooms | $576K | $630K | +9.4% |
5+ Bedrooms | $590K | $595.2K | +0.9% |
Summary: Irving Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Neighborhoods
Villa District | $537.6K | $551K | +2.5% |
Irving Park | $479.6K | $457.5K | -4.6% |
Boulevard | $499.5K | $465K | -6.9% |
Little Cassubia | $490K | $455K | -7.1% |
Old Irving Park | $517.5K | $405K | -21.7% |
Housing Supply in Irving Park, IL
How many homes are available in Irving Park, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
130 | 173 | +33.1% |
Summary: The Irving Park real estate market had 173 homes for sale in March 2024, a 33.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 8 | +60.0% |
2 Bedrooms | 24 | 27 | +12.5% |
3 Bedrooms | 46 | 62 | +34.8% |
4 Bedrooms | 34 | 42 | +23.5% |
5+ Bedrooms | 21 | 34 | +61.9% |
Summary: The Irving Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 34.8%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 61.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 33 | +17.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Irving Park in March 2024, up by 17.9% month-over-month. Of the 33 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Irving Park, IL
How long does it take to sell a home in Irving Park, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 45 Days | +26.9% |
Summary: Homes in Irving Park had an average of 45 days on market in Mar 2024, up by 26.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in Irving Park; 61% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.