Is Point West Condos, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Point West Condos is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Point West Condos was a Neutral Market.

Key Takeaway

Point West Condos is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Point West Condos, IL

How much do homes in Point West Condos, IL cost?

Median Sold Price

$151,000

$150/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$16,000(+11.9%)

Key Takeaway

Homes in Point West Condos have sold for 11.9% more than they did a month ago.

Summary: The median home sold price in Point West Condos was $151,000 in April 2024, up 11.9% from last month, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 $135K$140.5K
+4.1%
2 -$171.5K
N/A
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Point West Condos housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Point West Condos, IL

How many homes are available in Point West Condos, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
76-14.3%

Summary: The Point West Condos real estate market had 6 homes for sale in April 2024, a 14.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 43
-25.0%
2 33
0.0%
3 00
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Point West Condos housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Point West Condos, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Point West Condos in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Point West Condos, IL

How long does it take to sell a home in Point West Condos, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
4 Days7 Days+83.3%

Summary: Homes in Point West Condos had an average of 7 days on market in Apr 2024, up by 83.3% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Point West Condos are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 3 homes were sold in Point West Condos; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 19 Days Ago

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