Is Rush & Division, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Rush & Division was a Seller's Market.
Housing Prices in Rush & Division, IL
How much do homes in Rush & Division, IL cost?
Median Sold Price
$427,500
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rush & Division was $427,500 in March 2024, down 11.4% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $283K | $297K | +4.9% |
2 Bedrooms | $514.4K | $460K | -10.6% |
3 Bedrooms | $1.0M | $1.1M | +1.6% |
4 Bedrooms | $1.5M | $1.4M | -5.8% |
5+ Bedrooms | $1.7M | $5.2M | +204.3% |
Summary: Rush & Division housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 204.3%.
Median Sold Price Compared To Nearby Neighborhoods
Magnificent Mile | $425K | $440K | +3.5% |
Gold Coast | $370.1K | $360.5K | -2.6% |
Near North Side | $439.9K | $417.1K | -5.2% |
River North | $440K | $406.3K | -7.6% |
Rush & Division | $482.2K | $427.5K | -11.4% |
Housing Supply in Rush & Division, IL
How many homes are available in Rush & Division, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
154 | 206 | +33.8% |
Summary: The Rush & Division real estate market had 206 homes for sale in March 2024, a 33.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 53 | 66 | +24.5% |
2 Bedrooms | 49 | 64 | +30.6% |
3 Bedrooms | 40 | 59 | +47.5% |
4 Bedrooms | 10 | 14 | +40.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Rush & Division housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 24.5%, 2 bedroom homes increased by 30.6%, 3 bedroom homes increased by 47.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 21 | +23.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Rush & Division in March 2024, up by 23.5% month-over-month. Of the 21 sold homes, 76% were sold under asking, 5% were sold at asking, and 19% were sold over asking.
Days on Market for Rush & Division, IL
How long does it take to sell a home in Rush & Division, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
78 Days | 75 Days | -3.5% |
Summary: Homes in Rush & Division had an average of 75 days on market in Mar 2024, down by 3.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Rush & Division; 52% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.