Is Lincolnwood, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lincolnwood was a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $217.5K | N/A |
2 Bedrooms | $265.1K | $322.5K | +21.7% |
3 Bedrooms | $400K | $477.4K | +19.4% |
4 Bedrooms | $588.8K | $661K | +12.3% |
5+ Bedrooms | $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 | $464K | $527K | +13.6% |
Skokie | $367.4K | $390K | +6.1% |
Niles Township | $370K | $383.9K | +3.8% |
Chicago | $345.6K | $346.4K | 0.2% |
Housing Supply in Lincolnwood, IL
How many homes are available in Lincolnwood, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 26 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 12 | 17 | +41.7% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 4 | 3 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 4 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 28 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
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.