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 November 2021

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.

How much do homes in Lincolnwood, IL cost?

Median Sold Price

$464,000

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$29,000(+6.7%)

Key Takeaway

Homes in Lincolnwood have sold for 6.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$172K
N/A
2 $270K$295K
+9.3%
3 $415K$415K
0.0%
4 $545K$587.9K
+7.9%
5+ $670K$700.5K
+4.6%

Median Sold Price Compared To Nearby Cities

Lincolnwood
+6.7%
Skokie
+2.5%
Niles Township
+2.4%
Chicago
+1.3%

How many homes are available in Lincolnwood, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
4146+12.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 77
0.0%
3 2226
+18.2%
4 67
+16.7%
5+ 66
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
810+25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 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. 40% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
29 Days21 Days-27.2%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lincolnwood, IL

Lincolnwood, IL has 46 homes for sale to choose from. The number of listings in Lincolnwood, IL increased by 12.2% between October 2022 and November 2022. The median list price of listings available in November 2022 was $464,000, while the average time on the real estate market was 21 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 9.3%, 3 bedrooms properties did not move, 4 bedrooms properties prices increased by 7.9%, prices of 5 bedrooms properties increased by 4.6%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes increased by 18.2%, number of 4 bedrooms homes increased by 16.7%, volume of 5 bedrooms homes stayed the same. While more than 4 listings in Lincolnwood, IL in November 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 4 were sold below.

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