Is Southport Corridor, 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, Southport Corridor has remained a Seller's Market.
Housing Prices in Southport Corridor, IL
How much do homes in Southport Corridor, IL cost?
Median Sold Price
$692,500
$378/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southport Corridor was $692,500 in April 2024, up 11% from last year, and the median price per square foot was $378.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $238K | -0.8% |
2 Bedrooms | $375K | $461.2K | +23.0% |
3 Bedrooms | $735K | $672.5K | -8.5% |
4 Bedrooms | $1.1M | $1.5M | +39.5% |
5+ Bedrooms | $1.7M | $1.6M | -4.4% |
Summary: Southport Corridor housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 23%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 39.5%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Neighborhoods
Southport Corridor | $624K | $692.5K | +11.0% |
Lake View | $439.3K | $473.7K | +7.8% |
Wrigleyville | $520K | $553.1K | +6.4% |
North Side | $546.3K | $580.5K | +6.3% |
Housing Supply in Southport Corridor, IL
How many homes are available in Southport Corridor, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 40 | +33.3% |
Summary: The Southport Corridor real estate market had 40 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 3 | 6 | +100.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 15 | 20 | +33.3% |
Summary: The Southport Corridor housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 11 | +57.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Southport Corridor in April 2024, up by 57.1% month-over-month. Of the 11 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% were sold over asking.
Days on Market for Southport Corridor, IL
How long does it take to sell a home in Southport Corridor, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 62 Days | +180.8% |
Summary: Homes in Southport Corridor had an average of 62 days on market in Apr 2024, up by 180.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Southport Corridor; 91% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.