Is Skokie, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Skokie has remained a Seller's Market.
Housing Prices in Skokie, IL
How much do homes in Skokie, IL cost?
Median Sold Price
$390,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Skokie was $390,000 in April 2024, up 6.5% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $144K | -12.7% |
2 Bedrooms | $271.5K | $280K | +3.1% |
3 Bedrooms | $380K | $410K | +7.9% |
4 Bedrooms | $534.7K | $549K | +2.7% |
5+ Bedrooms | $582.5K | $662.5K | +13.7% |
Summary: Skokie housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.7%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Cities
Lincolnwood | $466.8K | $550K | +17.8% |
Skokie | $366.1K | $390K | +6.5% |
Evanston Township | $380.2K | $397.3K | +4.5% |
Niles Township | $370K | $385.9K | +4.3% |
Morton Grove | $375K | $390K | +4.0% |
Housing Supply in Skokie, IL
How many homes are available in Skokie, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
162 | 189 | +16.7% |
Summary: The Skokie real estate market had 189 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 16 | +45.5% |
2 Bedrooms | 44 | 52 | +18.2% |
3 Bedrooms | 64 | 78 | +21.9% |
4 Bedrooms | 29 | 29 | 0.0% |
5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Skokie housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 21.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 47 | -13.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Skokie in April 2024, down by 13.0% month-over-month. Of the 47 sold homes, 43% were sold under asking, 15% were sold at asking, and 43% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 17 Days | -41.0% |
Summary: Homes in Skokie had an average of 17 days on market in Apr 2024, down by 41% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 47 homes were sold in Skokie; 85% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.