Is Mount Greenwood, 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, Mount Greenwood has remained a Seller's Market.
Housing Prices in Mount Greenwood, IL
How much do homes in Mount Greenwood, IL cost?
Median Sold Price
$280,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mount Greenwood was $280,000 in April 2024, up 9.8% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $115.5K | +35.9% |
2 Bedrooms | $215.5K | $267K | +23.9% |
3 Bedrooms | $270K | $295K | +9.3% |
4 Bedrooms | $340K | $310K | -8.8% |
5+ Bedrooms | $238.9K | $272K | +13.8% |
Summary: Mount Greenwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.9%, 2 bedroom homes increased by 23.9%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 13.8%.
Median Sold Price Compared To Nearby Neighborhoods
Mount Greenwood | $254.9K | $280K | +9.8% |
Morgan Park | $221.8K | $234.5K | +5.7% |
Far Southwest Side | $244.8K | $251.4K | +2.7% |
Beverly | $390K | $355.5K | -8.8% |
Housing Supply in Mount Greenwood, IL
How many homes are available in Mount Greenwood, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 72 | +1.4% |
Summary: The Mount Greenwood real estate market had 72 homes for sale in April 2024, a 1.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 36 | 37 | +2.8% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Mount Greenwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 24 | +33.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Mount Greenwood in April 2024, up by 33.3% month-over-month. Of the 24 sold homes, 46% were sold under asking, 17% were sold at asking, and 38% were sold over asking.
Days on Market for Mount Greenwood, IL
How long does it take to sell a home in Mount Greenwood, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 35 Days | -16.2% |
Summary: Homes in Mount Greenwood had an average of 35 days on market in Apr 2024, down by 16.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Mount Greenwood; 79% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.