Is Skokie, IL a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Skokie is a seller's market


Difference Since June 2023

Since last year, Skokie has remained a Seller's Market.

Key Takeaway

Skokie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Skokie, IL

How much do homes in Skokie, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since June 2023


Key Takeaway

Homes in Skokie have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Skokie was $393,813 in June 2024, up 6.4% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $171K$151.2K
2 $275K$285.5K
3 $382.2K$416K
4 $541K$531K
5+ $580K$675K

Summary: Skokie housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.6%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 16.4%.

Median Sold Price Compared To Nearby Cities

Morton Grove
Evanston Township
Niles Township

Housing Supply in Skokie, IL

How many homes are available in Skokie, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE

Summary: The Skokie real estate market had 217 homes for sale in June 2024, a 6.9% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 1411
2 6065
3 8489
4 2829
5+ 1723

Summary: The Skokie housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.4%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 35.3%.

Number of Homes Sold

May 2024Jun 2024CHANGE

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Skokie, you could pay more than the asking price. 49.2% of homes here sold above asking price last month.

Summary: A total of 63 homes were sold or pending in Skokie in June 2024, down by 13.7% month-over-month. Of the 63 sold homes, 35% were sold under asking, 16% were sold at asking, and 49% were sold over asking.

Days on Market for Skokie, IL

How long does it take to sell a home in Skokie, IL?

Average Sale Time

Jun 2023Jun 2024CHANGE
18 Days24 Days+29.4%

Summary: Homes in Skokie had an average of 24 days on market in Jun 2024, up by 29.4% compared to last year.

Breakdown of Home Sale Times

48 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 63 homes were sold in Skokie; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% 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 22 Days Ago

Newest Listings in Skokie, IL

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