Is North Side, 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, North Side has remained a Seller's Market.
Housing Prices in North Side, IL
How much do homes in North Side, IL cost?
Median Sold Price
$575,875
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in North Side was $575,875 in March 2024, up 5.2% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229K | $234.9K | +2.6% |
2 Bedrooms | $414.8K | $436K | +5.1% |
3 Bedrooms | $668.5K | $703.8K | +5.3% |
4 Bedrooms | $995.5K | $999.9K | 0.5% |
5+ Bedrooms | $1.1M | $1.1M | +6.7% |
Summary: North Side housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Neighborhoods
Lakeview East | $280K | $318.9K | +13.9% |
Sheffield & DePaul | $675K | $762.5K | +13.0% |
Southport Corridor | $605K | $677.5K | +12.0% |
North Side | $547.3K | $575.8K | +5.2% |
Housing Supply in North Side, IL
How many homes are available in North Side, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,142 | 1,338 | +17.2% |
Summary: The North Side real estate market had 1,338 homes for sale in March 2024, a 17.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 143 | 177 | +23.8% |
2 Bedrooms | 336 | 378 | +12.5% |
3 Bedrooms | 320 | 340 | +6.3% |
4 Bedrooms | 165 | 199 | +20.6% |
5+ Bedrooms | 178 | 244 | +37.1% |
Summary: The North Side housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.8%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 37.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
251 | 329 | +31.1% |
Asking Price vs. Sold Price
144 Homes Were Sold
Under Asking
75 Homes Were Sold
At Asking
110 Homes Were Sold
Over Asking
Summary: A total of 329 homes were sold or pending in North Side in March 2024, up by 31.1% month-over-month. Of the 329 sold homes, 44% were sold under asking, 23% were sold at asking, and 33% were sold over asking.
Days on Market for North Side, IL
How long does it take to sell a home in North Side, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 27 Days | -17.1% |
Summary: Homes in North Side had an average of 27 days on market in Mar 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
258 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During March 2024, 329 homes were sold in North Side; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.