Is Old Town, 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 Town has remained a Seller's Market.
Housing Prices in Old Town, IL
How much do homes in Old Town, IL cost?
Median Sold Price
$667,666
$367/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Old Town was $667,666 in April 2024, up 5.7% from last year, and the median price per square foot was $367.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $265.5K | 0.2% |
2 Bedrooms | $490K | $510K | +4.1% |
3 Bedrooms | $799.5K | $900K | +12.6% |
4 Bedrooms | $1.3M | $1.1M | -17.0% |
5+ Bedrooms | $2.2M | $2.6M | +20.2% |
Summary: Old Town housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 17%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Neighborhoods
Lincoln Park | $635.6K | $706.6K | +11.2% |
North Side | $546.3K | $580.5K | +6.3% |
Old Town | $631.6K | $667.6K | +5.7% |
Gold Coast | $365.1K | $362.3K | -0.8% |
Near North Side | $436.5K | $420.3K | -3.7% |
Housing Supply in Old Town, IL
How many homes are available in Old Town, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
128 | 142 | +10.9% |
Summary: The Old Town real estate market had 142 homes for sale in April 2024, a 10.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 21 | +16.7% |
2 Bedrooms | 34 | 35 | +2.9% |
3 Bedrooms | 30 | 33 | +10.0% |
4 Bedrooms | 25 | 29 | +16.0% |
5+ Bedrooms | 21 | 24 | +14.3% |
Summary: The Old Town housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 44 | +76.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Old Town in April 2024, up by 76.0% month-over-month. Of the 44 sold homes, 52% were sold under asking, 16% were sold at asking, and 32% were sold over asking.
Days on Market for Old Town, IL
How long does it take to sell a home in Old Town, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 31 Days | +9.8% |
Summary: Homes in Old Town had an average of 31 days on market in Apr 2024, up by 9.8% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 44 homes were sold in Old Town; 73% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.