Is Lake View, 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, Lake View has remained a Seller's Market.
Housing Prices in Lake View, IL
How much do homes in Lake View, IL cost?
Median Sold Price
$468,180
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lake View was $468,180 in March 2024, up 4.1% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $219.7K | +4.6% |
2 Bedrooms | $380.2K | $408.6K | +7.5% |
3 Bedrooms | $675K | $671.3K | -0.5% |
4 Bedrooms | $975K | $986.5K | +1.2% |
5+ Bedrooms | $1.5M | $1.4M | -7.9% |
Summary: Lake View housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 7.5%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 7.9%.
Median Sold Price Compared To Nearby Neighborhoods
Lakeview East | $280K | $318.9K | +13.9% |
Southport Corridor | $605K | $677.5K | +12.0% |
Wrigleyville | $505.6K | $560K | +10.7% |
Lake View | $449.7K | $468.1K | +4.1% |
Boystown | $489.7K | $506K | +3.3% |
Housing Supply in Lake View, IL
How many homes are available in Lake View, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
358 | 400 | +11.7% |
Summary: The Lake View real estate market had 400 homes for sale in March 2024, a 11.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 84 | 101 | +20.2% |
2 Bedrooms | 131 | 130 | -0.8% |
3 Bedrooms | 88 | 90 | +2.3% |
4 Bedrooms | 28 | 40 | +42.9% |
5+ Bedrooms | 27 | 39 | +44.4% |
Summary: The Lake View housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.2%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
88 | 98 | +11.4% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 98 homes were sold or pending in Lake View in March 2024, up by 11.4% month-over-month. Of the 98 sold homes, 41% were sold under asking, 24% were sold at asking, and 35% were sold over asking.
Days on Market for Lake View, IL
How long does it take to sell a home in Lake View, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 31 Days | -0.3% |
Summary: Homes in Lake View had an average of 31 days on market in Mar 2024, down by 0.3% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 98 homes were sold in Lake View; 73% 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.