Is Old Town, 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, 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
$690,000
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Old Town was $690,000 in March 2024, up 12.2% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $262K | $266K | +1.5% |
2 Bedrooms | $501K | $517.5K | +3.3% |
3 Bedrooms | $776K | $905K | +16.6% |
4 Bedrooms | $1.3M | $1.2M | -9.5% |
5+ Bedrooms | $2.6M | $2.2M | -15.1% |
Summary: Old Town housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 16.6%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 15.1%.
Median Sold Price Compared To Nearby Neighborhoods
Lincoln Park | $625K | $714.1K | +14.3% |
Old Town | $615K | $690K | +12.2% |
North Side | $547.3K | $575.8K | +5.2% |
Gold Coast | $370.1K | $360.5K | -2.6% |
Near North Side | $439.9K | $417.1K | -5.2% |
Housing Supply in Old Town, IL
How many homes are available in Old Town, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
105 | 134 | +27.6% |
Summary: The Old Town real estate market had 134 homes for sale in March 2024, a 27.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 17 | +70.0% |
2 Bedrooms | 32 | 37 | +15.6% |
3 Bedrooms | 27 | 33 | +22.2% |
4 Bedrooms | 20 | 25 | +25.0% |
5+ Bedrooms | 16 | 22 | +37.5% |
Summary: The Old Town housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 70%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 24 | +26.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Old Town in March 2024, up by 26.3% month-over-month. Of the 24 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 50 Days | +45.2% |
Summary: Homes in Old Town had an average of 50 days on market in Mar 2024, up by 45.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Old Town; 71% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.