Is Logan Square, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Logan Square has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $235K | -9.6% |
2 Bedrooms | $363K | $400K | +10.2% |
3 Bedrooms | $605.5K | $652K | +7.7% |
4 Bedrooms | $775K | $800K | +3.2% |
5+ Bedrooms | $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 | $538K | $617.5K | +14.8% |
Palmer Square | $585K | $656.5K | +12.2% |
Logan Square | $534.2K | $558.5K | +4.5% |
Kosciuszko Park | $535K | $485K | -9.3% |
Housing Supply in Logan Square, IL
How many homes are available in Logan Square, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
142 | 168 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 38 | 40 | +5.3% |
3 Bedrooms | 49 | 48 | -2.0% |
4 Bedrooms | 20 | 28 | +40.0% |
5+ Bedrooms | 31 | 46 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 44 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 27 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
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.