Is North Side, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Side is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

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

+$28,491(+5.2%)

Key Takeaway

Homes in North Side have sold for 5.2% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $229K$234.9K
+2.6%
2 $414.8K$436K
+5.1%
3 $668.5K$703.8K
+5.3%
4 $995.5K$999.9K
0.5%
5+ $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
+13.9%
Sheffield & DePaul
+13.0%
Southport Corridor
+12.0%
North Side
+5.2%

Housing Supply in North Side, IL

How many homes are available in North Side, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,1421,338+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

# BEDSFeb 2024Mar 2024CHANGE
1 143177
+23.8%
2 336378
+12.5%
3 320340
+6.3%
4 165199
+20.6%
5+ 178244
+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 2024Mar 2024CHANGE
251329+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Side, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
33 Days27 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Side are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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