Is Roscoe Village, 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, Roscoe Village has remained a Seller's Market.
Housing Prices in Roscoe Village, IL
How much do homes in Roscoe Village, IL cost?
Median Sold Price
$625,000
$353/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Roscoe Village was $625,000 in March 2024, up 6.7% from last year, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $246K | $255K | +3.7% |
2 Bedrooms | $422.5K | $430K | +1.8% |
3 Bedrooms | $599.9K | $648K | +8.0% |
4 Bedrooms | $1.0M | $1.0M | -3.0% |
5+ Bedrooms | $982.5K | $1.5M | +55.6% |
Summary: Roscoe Village housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 55.6%.
Median Sold Price Compared To Nearby Neighborhoods
Roscoe Village | $586K | $625K | +6.7% |
North Side | $547.3K | $575.8K | +5.2% |
Lake View | $449.7K | $468.1K | +4.1% |
North Center | $621.3K | $627.5K | +1.0% |
Housing Supply in Roscoe Village, IL
How many homes are available in Roscoe Village, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
71 | 78 | +9.9% |
Summary: The Roscoe Village real estate market had 78 homes for sale in March 2024, a 9.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 20 | 23 | +15.0% |
3 Bedrooms | 22 | 19 | -13.6% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The Roscoe Village housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 19 | +72.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Roscoe Village in March 2024, up by 72.7% month-over-month. Of the 19 sold homes, 53% were sold under asking, 37% were sold at asking, and 11% were sold over asking.
Days on Market for Roscoe Village, IL
How long does it take to sell a home in Roscoe Village, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 20 Days | -38.2% |
Summary: Homes in Roscoe Village had an average of 20 days on market in Mar 2024, down by 38.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in Roscoe Village; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.