Is Lincolnwood, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Lincolnwood has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $217.5K | N/A |
2 Bedrooms | $274.5K | $322.5K | +17.5% |
3 Bedrooms | $422.5K | $481K | +13.8% |
4 Bedrooms | $595K | $720K | +21.0% |
5+ Bedrooms | $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 | $469.8K | $519.9K | +10.7% |
Skokie | $370K | $393.8K | +6.4% |
Niles Township | $369.7K | $390.7K | +5.7% |
Chicago | $337.1K | $350.4K | +3.9% |
Housing Supply in Lincolnwood, IL
How many homes are available in Lincolnwood, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
45 | 41 | -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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 24 | 18 | -25.0% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 5 | 5 | 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 2024 | Jun 2024 | CHANGE |
---|---|---|
14 | 13 | -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
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 2023 | Jun 2024 | CHANGE |
---|---|---|
29 Days | 35 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
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.