Is Lakeview East, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lakeview East is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Lakeview East has remained a Seller's Market.

Key Takeaway

Lakeview East is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lakeview East, IL

How much do homes in Lakeview East, IL cost?

Median Sold Price

$320,000

$275/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$39,666(+14.1%)

Key Takeaway

Homes in Lakeview East have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in Lakeview East was $320,000 in April 2024, up 14.1% from last year, and the median price per square foot was $275.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $208.3K$219.9K
+5.6%
2 $325K$350K
+7.7%
3 $599.5K$601K
0.3%
4 $900K$829.5K
-7.8%
5+ $1.3M$1.8M
+41.5%

Summary: Lakeview East housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 41.5%.

Median Sold Price Compared To Nearby Neighborhoods

Lakeview East
+14.1%
Boystown
+11.2%
Lake View
+7.8%
Wrigleyville
+6.4%
North Side
+6.3%

Housing Supply in Lakeview East, IL

How many homes are available in Lakeview East, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
148176+18.9%

Summary: The Lakeview East real estate market had 176 homes for sale in April 2024, a 18.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 5865
+12.1%
2 4969
+40.8%
3 3230
-6.3%
4 79
+28.6%
5+ 23
+50.0%

Summary: The Lakeview East housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 40.8%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4143+4.9%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lakeview East, you could pay more than the asking price. 48.8% of homes here sold above asking price last month.

Summary: A total of 43 homes were sold or pending in Lakeview East in April 2024, up by 4.9% month-over-month. Of the 43 sold homes, 42% were sold under asking, 9% were sold at asking, and 49% were sold over asking.

Days on Market for Lakeview East, IL

How long does it take to sell a home in Lakeview East, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
31 Days17 Days-45.4%

Summary: Homes in Lakeview East had an average of 17 days on market in Apr 2024, down by 45.4% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lakeview East are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 43 homes were sold in Lakeview East; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% 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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