Is Little Italy / University Village, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Little Italy / University Village has remained a Seller's Market.
Housing Prices in Little Italy / University Village, IL
How much do homes in Little Italy / University Village, IL cost?
Median Sold Price
$365,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Little Italy / University Village was $365,000 in April 2024, up 9% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $235K | +2.2% |
2 Bedrooms | $315K | $321.7K | +2.1% |
3 Bedrooms | $527.5K | $530K | 0.5% |
4 Bedrooms | $435.8K | $672.5K | +54.3% |
5+ Bedrooms | $680K | $601.5K | -11.5% |
Summary: Little Italy / University Village housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 54.3%, and 5+ bedroom homes decreased by 11.5%.
Median Sold Price Compared To Nearby Neighborhoods
Little Italy / University Village | $335K | $365K | +9.0% |
West Loop | $443.9K | $462.6K | +4.2% |
Greektown | $442.5K | $460K | +4.0% |
United Center | $309.5K | $303.7K | -1.9% |
Lower West Side / Pilsen | $452.5K | $431K | -4.8% |
Housing Supply in Little Italy / University Village, IL
How many homes are available in Little Italy / University Village, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
95 | 112 | +17.9% |
Summary: The Little Italy / University Village real estate market had 112 homes for sale in April 2024, a 17.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 7 | +250.0% |
2 Bedrooms | 51 | 53 | +3.9% |
3 Bedrooms | 32 | 36 | +12.5% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 4 | 10 | +150.0% |
Summary: The Little Italy / University Village housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 250%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 26 | +13.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Little Italy / University Village in April 2024, up by 13.0% month-over-month. Of the 26 sold homes, 58% were sold under asking, 15% were sold at asking, and 27% were sold over asking.
Days on Market for Little Italy / University Village, IL
How long does it take to sell a home in Little Italy / University Village, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 22 Days | -35.6% |
Summary: Homes in Little Italy / University Village had an average of 22 days on market in Apr 2024, down by 35.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Little Italy / University Village; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.