Is Sheridan Park, 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, Sheridan Park has remained a Seller's Market.
Housing Prices in Sheridan Park, IL
How much do homes in Sheridan Park, IL cost?
Median Sold Price
$440,000
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sheridan Park was $440,000 in March 2024, up 14.2% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $191.7K | $215K | +12.1% |
2 Bedrooms | $365K | $368K | +0.8% |
3 Bedrooms | $476K | $522.7K | +9.8% |
4 Bedrooms | $692.5K | $829K | +19.7% |
5+ Bedrooms | $915K | $1.0M | +15.2% |
Summary: Sheridan Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Neighborhoods
Argyle Park | $370K | $441K | +19.2% |
Sheridan Park | $385.2K | $440K | +14.2% |
Andersonville Terrace | $440K | $465.5K | +5.8% |
Clarendon Park | $310.9K | $325K | +4.5% |
Housing Supply in Sheridan Park, IL
How many homes are available in Sheridan Park, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 25 | +13.6% |
Summary: The Sheridan Park real estate market had 25 homes for sale in March 2024, a 13.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 9 | 12 | +33.3% |
3 Bedrooms | 12 | 9 | -25.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sheridan Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Sheridan Park in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Sheridan Park, IL
How long does it take to sell a home in Sheridan Park, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 44 Days | +61.2% |
Summary: Homes in Sheridan Park had an average of 44 days on market in Mar 2024, up by 61.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Sheridan Park; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.