Is Rogers Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rogers Park is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Rogers Park has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Rogers Park, IL

How much do homes in Rogers Park, IL cost?

Median Sold Price

$225,000

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$16,000(+7.7%)

Key Takeaway

Homes in Rogers Park have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Rogers Park was $225,000 in March 2024, up 7.7% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $142K$140K
-1.4%
2 $195K$217.7K
+11.6%
3 $319.5K$335K
+4.9%
4 $501K$550K
+9.8%
5+ $680K$692.5K
+1.8%

Summary: Rogers Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 1.8%.

Housing Supply in Rogers Park, IL

How many homes are available in Rogers Park, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
92123+33.7%

Summary: The Rogers Park real estate market had 123 homes for sale in March 2024, a 33.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1724
+41.2%
2 5071
+42.0%
3 1518
+20.0%
4 11
0.0%
5+ 99
0.0%

Summary: The Rogers Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 41.2%, 2 bedroom homes increased by 42%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2132+52.4%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 32 homes were sold or pending in Rogers Park in March 2024, up by 52.4% month-over-month. Of the 32 sold homes, 44% were sold under asking, 19% were sold at asking, and 38% were sold over asking.

Days on Market for Rogers Park, IL

How long does it take to sell a home in Rogers Park, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
44 Days31 Days-29.1%

Summary: Homes in Rogers Park had an average of 31 days on market in Mar 2024, down by 29.1% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 32 homes were sold in Rogers Park; 69% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% 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 30 Days Ago

Newest Listings in Rogers Park, IL

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