Is Norridge, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Norridge is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, Norridge has remained a Seller's Market.

Key Takeaway

Norridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Norridge, IL cost?

Median Sold Price

$335,000

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$20,000(+6.3%)

Key Takeaway

Homes in Norridge have sold for 6.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $162K$131K
-19.1%
2 $235K$255K
+8.5%
3 $325K$349.9K
+7.7%
4 $375K$389K
+3.7%
5+ $644.4K$492.9K
-23.5%

Median Sold Price Compared To Nearby Cities

Leyden Township
+17.0%
Chicago
+9.0%
Norwood Park Township
+7.1%
Norridge
+6.3%
Harwood Heights
+3.4%

How many homes are available in Norridge, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
7456-24.3%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 11
0.0%
2 1813
-27.8%
3 3726
-29.7%
4 910
+11.1%
5+ 96
-33.3%

Number of Homes Sold

Nov 2021Dec 2021%
2314-39.1%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Norridge, you may be able to get a good deal. 92.9% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
15 Days48 Days+215.1%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Norridge has remained consistent over time.

About Norridge, IL

There are 56 homes are for sale in Norridge, IL real estate market. Between November 2021 and December 2021, Norridge, IL real estate market has seen decrease in the number of listings by 24.3%. The median list price of listings available in December 2021 was $335,000, while the average time on the real estate market was 48 days. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices decreased by 19.1%, prices of 2 bedrooms properties increased by 8.5%, prices of 3 bedrooms properties went up by 7.7%, prices of 4 bedrooms properties went up by 3.7%, the cost of 5 bedrooms properties went down by 23.5%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, 2 bedrooms homes became 27.8% less available, the quantity of 3 bedrooms homes went down by 29.7%, the quantity of 4 bedrooms homes went up by 11.1%, 5 bedrooms homes became 33.3% less available. In December 2021, from all listings sold in Norridge, IL there were more than 1 sold above asking price, over 13 sold below and more than 0 were sold right at the asked price.

Related Housing Market Reports