Is Rush & Division, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rush & Division is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Rush & Division was a Seller's Market.

Key Takeaway

Rush & Division is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

-$54,750(-11.4%)

Key Takeaway

Homes in Rush & Division have sold for 11.4% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $283K$297K
+4.9%
2 $514.4K$460K
-10.6%
3 $1.0M$1.1M
+1.6%
4 $1.5M$1.4M
-5.8%
5+ $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
+3.5%
Gold Coast
-2.6%
Near North Side
-5.2%
River North
-7.6%
Rush & Division
-11.4%

Housing Supply in Rush & Division, IL

How many homes are available in Rush & Division, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
154206+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

# BEDSFeb 2024Mar 2024CHANGE
1 5366
+24.5%
2 4964
+30.6%
3 4059
+47.5%
4 1014
+40.0%
5+ 23
+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 2024Mar 2024CHANGE
1721+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rush & Division, you may be able to get a good deal. 76.2% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
78 Days75 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rush & Division are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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