Is Old Irving 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, Old Irving Park has remained a Seller's Market.
Housing Prices in Old Irving Park, IL
How much do homes in Old Irving Park, IL cost?
Median Sold Price
$396,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Old Irving Park was $396,000 in April 2024, down 20.5% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $144.5K | $165K | +14.2% |
2 Bedrooms | $180K | $199K | +10.6% |
3 Bedrooms | $580K | $405K | -30.2% |
4 Bedrooms | $619K | $735K | +18.7% |
5+ Bedrooms | $775K | $720K | -7.1% |
Summary: Old Irving Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.2%, 2 bedroom homes increased by 10.6%, 3 bedroom homes decreased by 30.2%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Neighborhoods
Northwest Side | $366.2K | $379.8K | +3.7% |
Irving Park | $465.5K | $471.6K | +1.3% |
Albany Park | $370K | $365K | -1.4% |
Old Irving Park | $498K | $396K | -20.5% |
Housing Supply in Old Irving Park, IL
How many homes are available in Old Irving Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 41 | +13.9% |
Summary: The Old Irving Park real estate market had 41 homes for sale in April 2024, a 13.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 14 | 18 | +28.6% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Old Irving Park 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 28.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 13 | +85.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Old Irving Park in April 2024, up by 85.7% month-over-month. Of the 13 sold homes, 23% were sold under asking, 15% were sold at asking, and 62% were sold over asking.
Days on Market for Old Irving Park, IL
How long does it take to sell a home in Old Irving Park, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 26 Days | +11.3% |
Summary: Homes in Old Irving Park had an average of 26 days on market in Apr 2024, up by 11.3% compared to last year.
Breakdown of Home Sale Times
11 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, 13 homes were sold in Old Irving Park; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.