Is Noble Square, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Noble Square was a Seller's Market.
Housing Prices in Noble Square, IL
How much do homes in Noble Square, IL cost?
Median Sold Price
$615,000
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Noble Square was $615,000 in March 2024, up 15% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $287.5K | +2.7% |
2 Bedrooms | $460K | $440K | -4.3% |
3 Bedrooms | $630.2K | $683.7K | +8.5% |
4 Bedrooms | $857.5K | $838.7K | -2.2% |
5+ Bedrooms | $750K | $892K | +18.9% |
Summary: Noble Square housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Neighborhoods
River West | $456K | $550.2K | +20.7% |
Noble Square | $535K | $615K | +15.0% |
West Town | $549.6K | $610.4K | +11.1% |
West Side | $414.9K | $412.4K | -0.6% |
Housing Supply in Noble Square, IL
How many homes are available in Noble Square, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
56 | 79 | +41.1% |
Summary: The Noble Square real estate market had 79 homes for sale in March 2024, a 41.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 13 | 22 | +69.2% |
3 Bedrooms | 27 | 38 | +40.7% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Noble 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 69.2%, 3 bedroom homes increased by 40.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 10 | -9.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Noble Square in March 2024, down by 9.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Noble Square, IL
How long does it take to sell a home in Noble Square, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 19 Days | -6.7% |
Summary: Homes in Noble Square had an average of 19 days on market in Mar 2024, down by 6.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Noble Square; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.