Is Lincoln 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, Lincoln Park has remained a Seller's Market.
Housing Prices in Lincoln Park, IL
How much do homes in Lincoln Park, IL cost?
Median Sold Price
$714,125
$383/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lincoln Park was $714,125 in March 2024, up 14.3% from last year, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245K | $255K | +4.1% |
2 Bedrooms | $479.2K | $498.6K | +4.1% |
3 Bedrooms | $751.6K | $825K | +9.8% |
4 Bedrooms | $1.2M | $1.3M | +7.3% |
5+ Bedrooms | $1.9M | $2.0M | +3.0% |
Summary: Lincoln Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Neighborhoods
Lincoln Park | $625K | $714.1K | +14.3% |
Sheffield & DePaul | $675K | $762.5K | +13.0% |
Housing Supply in Lincoln Park, IL
How many homes are available in Lincoln Park, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
264 | 320 | +21.2% |
Summary: The Lincoln Park real estate market had 320 homes for sale in March 2024, a 21.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 31 | +24.0% |
2 Bedrooms | 75 | 100 | +33.3% |
3 Bedrooms | 71 | 81 | +14.1% |
4 Bedrooms | 50 | 55 | +10.0% |
5+ Bedrooms | 43 | 53 | +23.3% |
Summary: The Lincoln Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 24%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 23.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 78 | +62.5% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 78 homes were sold or pending in Lincoln Park in March 2024, up by 62.5% month-over-month. Of the 78 sold homes, 51% were sold under asking, 19% were sold at asking, and 29% were sold over asking.
Days on Market for Lincoln Park, IL
How long does it take to sell a home in Lincoln Park, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 28 Days | -21.7% |
Summary: Homes in Lincoln Park had an average of 28 days on market in Mar 2024, down by 21.7% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 78 homes were sold in Lincoln Park; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.