Is Sheffield & DePaul, 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, Sheffield & DePaul has remained a Seller's Market.
Housing Prices in Sheffield & DePaul, IL
How much do homes in Sheffield & DePaul, IL cost?
Median Sold Price
$762,500
$412/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sheffield & DePaul was $762,500 in March 2024, up 13% from last year, and the median price per square foot was $412.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $304.9K | +22.0% |
2 Bedrooms | $525K | $543K | +3.4% |
3 Bedrooms | $685K | $790K | +15.3% |
4 Bedrooms | $1.2M | $1.4M | +22.9% |
5+ Bedrooms | $1.9M | $2.2M | +15.4% |
Summary: Sheffield & DePaul housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Neighborhoods
Lincoln Park | $625K | $714.1K | +14.3% |
Sheffield & DePaul | $675K | $762.5K | +13.0% |
North Side | $547.3K | $575.8K | +5.2% |
Lake View | $449.7K | $468.1K | +4.1% |
Housing Supply in Sheffield & DePaul, IL
How many homes are available in Sheffield & DePaul, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
54 | 66 | +22.2% |
Summary: The Sheffield & DePaul real estate market had 66 homes for sale in March 2024, a 22.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 15 | 21 | +40.0% |
3 Bedrooms | 7 | 11 | +57.1% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Sheffield & DePaul housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 18 | +80.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Sheffield & DePaul in March 2024, up by 80.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for Sheffield & DePaul, IL
How long does it take to sell a home in Sheffield & DePaul, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 25 Days | +11.7% |
Summary: Homes in Sheffield & DePaul had an average of 25 days on market in Mar 2024, up by 11.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Sheffield & DePaul; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.