Is North Park, 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 Park has remained a Seller's Market.
Housing Prices in North Park, IL
How much do homes in North Park, IL cost?
Median Sold Price
$389,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Park was $389,000 in April 2024, down 0.9% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $134K | $159.5K | +19.0% |
2 Bedrooms | $285K | $324.5K | +13.9% |
3 Bedrooms | $411.5K | $446.1K | +8.4% |
4 Bedrooms | $612.5K | $607.5K | -0.8% |
5+ Bedrooms | $589.9K | $665K | +12.7% |
Summary: North Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 12.7%.
Housing Supply in North Park, IL
How many homes are available in North Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 36 | +9.1% |
Summary: The North Park real estate market had 36 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 14 | 11 | -21.4% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The North Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in North Park in April 2024, down by 10.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for North Park, IL
How long does it take to sell a home in North Park, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 31 Days | +32.5% |
Summary: Homes in North Park had an average of 31 days on market in Apr 2024, up by 32.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in North Park; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.