Is Norridge, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Norridge has remained a Seller's Market.
Housing Prices in Norridge, IL
How much do homes in Norridge, IL cost?
Median Sold Price
$365,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Norridge was $365,000 in March 2024, up 5.2% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $157.5K | $180.5K | +14.6% |
2 Bedrooms | $292.9K | $310K | +5.8% |
3 Bedrooms | $356.2K | $375K | +5.3% |
4 Bedrooms | $457.5K | $455K | -0.5% |
5+ Bedrooms | $562.5K | $680K | +20.9% |
Summary: Norridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 20.9%.
Median Sold Price Compared To Nearby Cities
Norwood Park Township | $355K | $391.5K | +10.3% |
Leyden Township | $280K | $304.7K | +8.8% |
Norridge | $347K | $365K | +5.2% |
Harwood Heights | $329.9K | $345K | +4.6% |
Chicago | $345.6K | $346.4K | 0.2% |
Housing Supply in Norridge, IL
How many homes are available in Norridge, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 54 | +31.7% |
Summary: The Norridge real estate market had 54 homes for sale in March 2024, a 31.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 9 | 13 | +44.4% |
3 Bedrooms | 22 | 27 | +22.7% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Norridge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Norridge in March 2024, up by 50.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% were sold over asking.
Days on Market for Norridge, IL
How long does it take to sell a home in Norridge, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 13 Days | -62.7% |
Summary: Homes in Norridge had an average of 13 days on market in Mar 2024, down by 62.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Norridge; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.