Is Lincolnwood, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincolnwood is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Lincolnwood was a Seller's Market.

Key Takeaway

Lincolnwood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Lincolnwood, IL

How much do homes in Lincolnwood, IL cost?

Median Sold Price

$527,000

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$63,000(+13.6%)

Key Takeaway

Homes in Lincolnwood have sold for 13.6% more than they did a year ago.

Summary: The median home sold price in Lincolnwood was $527,000 in March 2024, up 13.6% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$217.5K
N/A
2 $265.1K$322.5K
+21.7%
3 $400K$477.4K
+19.4%
4 $588.8K$661K
+12.3%
5+ $860K$1.0M
+26.5%

Summary: Lincolnwood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 26.5%.

Median Sold Price Compared To Nearby Cities

Lincolnwood
+13.6%
Skokie
+6.1%
Niles Township
+3.8%
Chicago
0.2%

Housing Supply in Lincolnwood, IL

How many homes are available in Lincolnwood, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2326+13.0%

Summary: The Lincolnwood real estate market had 26 homes for sale in March 2024, a 13.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 1217
+41.7%
4 45
+25.0%
5+ 43
-25.0%

Summary: The Lincolnwood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lincolnwood, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Lincolnwood in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Lincolnwood, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
28 Days28 Days+1.6%

Summary: Homes in Lincolnwood had an average of 28 days on market in Mar 2024, up by 1.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 4 homes were sold in Lincolnwood; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 26 Days Ago

Newest Listings in Lincolnwood, IL

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