Is Margate Park, 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, Margate Park has remained a Seller's Market.
Housing Prices in Margate Park, IL
How much do homes in Margate Park, IL cost?
Median Sold Price
$155,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Margate Park was $155,000 in April 2024, up 7.6% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $141K | +17.5% |
2 Bedrooms | $282.5K | $245K | -13.3% |
3 Bedrooms | $469.5K | $543K | +15.7% |
4 Bedrooms | $597.5K | $665.5K | +11.4% |
5+ Bedrooms | $1.1M | $1.6M | +43.5% |
Summary: Margate Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.5%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 43.5%.
Median Sold Price Compared To Nearby Neighborhoods
Margate Park | $144.1K | $155K | +7.6% |
Far North Side | $330.2K | $350.8K | +6.2% |
Edgewater | $245K | $260K | +6.1% |
Uptown | $330.6K | $350.5K | +6.0% |
Lakeside | $349.5K | $330K | -5.6% |
Housing Supply in Margate Park, IL
How many homes are available in Margate Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 28 | -15.2% |
Summary: The Margate Park real estate market had 28 homes for sale in April 2024, a 15.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 17 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 3 | 1 | -66.7% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Margate Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Margate Park in April 2024, down by 18.2% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for Margate Park, IL
How long does it take to sell a home in Margate Park, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 9 Days | -76.5% |
Summary: Homes in Margate Park had an average of 9 days on market in Apr 2024, down by 76.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Margate Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.