Is Logan Square, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Logan Square is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Logan Square, IL

How much do homes in Logan Square, IL cost?

Median Sold Price

$558,500

$319/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$24,300(+4.5%)

Key Takeaway

Homes in Logan Square have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Logan Square was $558,500 in March 2024, up 4.5% from last year, and the median price per square foot was $319.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $260K$235K
-9.6%
2 $363K$400K
+10.2%
3 $605.5K$652K
+7.7%
4 $775K$800K
+3.2%
5+ $695K$685K
-1.4%

Summary: Logan Square housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 1.4%.

Median Sold Price Compared To Nearby Neighborhoods

Albert Crosby & Others
+14.8%
Palmer Square
+12.2%
Logan Square
+4.5%
Kosciuszko Park
-9.3%

Housing Supply in Logan Square, IL

How many homes are available in Logan Square, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
142168+18.3%

Summary: The Logan Square real estate market had 168 homes for sale in March 2024, a 18.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 46
+50.0%
2 3840
+5.3%
3 4948
-2.0%
4 2028
+40.0%
5+ 3146
+48.4%

Summary: The Logan Square housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 48.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3444+29.4%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Logan Square, you could pay more than the asking price. 38.6% of homes here sold above asking price last month.

Summary: A total of 44 homes were sold or pending in Logan Square in March 2024, up by 29.4% month-over-month. Of the 44 sold homes, 32% were sold under asking, 30% were sold at asking, and 39% were sold over asking.

Days on Market for Logan Square, IL

How long does it take to sell a home in Logan Square, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
39 Days27 Days-30.1%

Summary: Homes in Logan Square had an average of 27 days on market in Mar 2024, down by 30.1% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Logan Square are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 44 homes were sold in Logan Square; 82% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 2% 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 27 Days Ago

Newest Listings in Logan Square, IL

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