Is Near North Side, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Near North Side was a Seller's Market.
Housing Prices in Near North Side, IL
How much do homes in Near North Side, IL cost?
Median Sold Price
$420,333
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Near North Side was $420,333 in April 2024, down 3.7% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $273.1K | $279.6K | +2.4% |
2 Bedrooms | $482.3K | $460K | -4.6% |
3 Bedrooms | $865K | $850K | -1.7% |
4 Bedrooms | $1.3M | $1.2M | -10.2% |
5+ Bedrooms | $2.8M | $1.8M | -34.1% |
Summary: Near North Side housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes decreased by 34.1%.
Median Sold Price Compared To Nearby Neighborhoods
Near North Side | $436.5K | $420.3K | -3.7% |
Rush & Division | $485K | $427.5K | -11.9% |
Housing Supply in Near North Side, IL
How many homes are available in Near North Side, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,247 | 1,487 | +19.2% |
Summary: The Near North Side real estate market had 1,487 homes for sale in April 2024, a 19.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 368 | 431 | +17.1% |
2 Bedrooms | 444 | 534 | +20.3% |
3 Bedrooms | 314 | 387 | +23.2% |
4 Bedrooms | 82 | 94 | +14.6% |
5+ Bedrooms | 39 | 41 | +5.1% |
Summary: The Near North Side housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 23.2%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 5.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
203 | 239 | +17.7% |
Asking Price vs. Sold Price
153 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
54 Homes Were Sold
Over Asking
Summary: A total of 239 homes were sold or pending in Near North Side in April 2024, up by 17.7% month-over-month. Of the 239 sold homes, 64% were sold under asking, 13% were sold at asking, and 23% were sold over asking.
Days on Market for Near North Side, IL
How long does it take to sell a home in Near North Side, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 50 Days | -10.1% |
Summary: Homes in Near North Side had an average of 50 days on market in Apr 2024, down by 10.1% compared to last year.
Breakdown of Home Sale Times
144 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
42 Homes Were Sold
Over 90 Days
Summary: During April 2024, 239 homes were sold in Near North Side; 60% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.