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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincolnwood is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Lincolnwood, IL

How much do homes in Lincolnwood, IL cost?

Median Sold Price

$519,999

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$50,114(+10.7%)

Key Takeaway

Homes in Lincolnwood have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in Lincolnwood was $519,999 in June 2024, up 10.7% from last year, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 -$217.5K
N/A
2 $274.5K$322.5K
+17.5%
3 $422.5K$481K
+13.8%
4 $595K$720K
+21.0%
5+ $860K$1.2M
+43.3%

Summary: Lincolnwood housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 21%, and 5+ bedroom homes increased by 43.3%.

Median Sold Price Compared To Nearby Cities

Lincolnwood
+10.7%
Skokie
+6.4%
Niles Township
+5.7%
Chicago
+3.9%

Housing Supply in Lincolnwood, IL

How many homes are available in Lincolnwood, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
4541-8.9%

Summary: The Lincolnwood real estate market had 41 homes for sale in June 2024, a 8.9% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 88
0.0%
3 2418
-25.0%
4 810
+25.0%
5+ 55
0.0%

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

Number of Homes Sold

May 2024Jun 2024CHANGE
1413-7.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 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. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Lincolnwood in June 2024, down by 7.1% month-over-month. Of the 13 sold homes, 62% were sold under asking, 0% were sold at asking, and 38% 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

Jun 2023Jun 2024CHANGE
29 Days35 Days+18.4%

Summary: Homes in Lincolnwood had an average of 35 days on market in Jun 2024, up by 18.4% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 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 June 2024, 13 homes were sold in Lincolnwood; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% 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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