Is North Lawndale, 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, North Lawndale has remained a Seller's Market.
Housing Prices in North Lawndale, IL
How much do homes in North Lawndale, IL cost?
Median Sold Price
$270,000
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Lawndale was $270,000 in April 2024, up 6.5% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $155K | $102.6K | -33.8% |
3 Bedrooms | $232K | $195K | -15.9% |
4 Bedrooms | $178K | $200K | +12.4% |
5+ Bedrooms | $286K | $330K | +15.4% |
Summary: North Lawndale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 33.8%, 3 bedroom homes decreased by 15.9%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 15.4%.
Housing Supply in North Lawndale, IL
How many homes are available in North Lawndale, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
97 | 104 | +7.2% |
Summary: The North Lawndale real estate market had 104 homes for sale in April 2024, a 7.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 68 | 72 | +5.9% |
Summary: The North Lawndale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 20 | +11.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in North Lawndale in April 2024, up by 11.1% month-over-month. Of the 20 sold homes, 55% were sold under asking, 10% were sold at asking, and 35% were sold over asking.
Days on Market for North Lawndale, IL
How long does it take to sell a home in North Lawndale, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 35 Days | -12.7% |
Summary: Homes in North Lawndale had an average of 35 days on market in Apr 2024, down by 12.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in North Lawndale; 60% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.