Is Streeterville, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Streeterville was a Seller's Market.
Housing Prices in Streeterville, IL
How much do homes in Streeterville, IL cost?
Median Sold Price
$471,250
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Streeterville was $471,250 in March 2024, up 4.8% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $267.5K | $270K | +0.9% |
2 Bedrooms | $535K | $510K | -4.7% |
3 Bedrooms | $962.5K | $982.5K | +2.1% |
4 Bedrooms | $1.3M | $1.3M | -6.1% |
5+ Bedrooms | - | $1.8M | N/A |
Summary: Streeterville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Streeterville | $449.8K | $471.2K | +4.8% |
Magnificent Mile | $425K | $440K | +3.5% |
900-910 Lake Shore Drive Condominium | $338.7K | $330K | -2.6% |
777 North Michigan | $430K | $410K | -4.7% |
201 East Chestnut | $268K | $255K | -4.9% |
Housing Supply in Streeterville, IL
How many homes are available in Streeterville, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
395 | 500 | +26.6% |
Summary: The Streeterville real estate market had 500 homes for sale in March 2024, a 26.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 129 | 153 | +18.6% |
2 Bedrooms | 139 | 171 | +23.0% |
3 Bedrooms | 98 | 139 | +41.8% |
4 Bedrooms | 24 | 29 | +20.8% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Streeterville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.6%, 2 bedroom homes increased by 23%, 3 bedroom homes increased by 41.8%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 55 | +19.6% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Streeterville in March 2024, up by 19.6% month-over-month. Of the 55 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Streeterville, IL
How long does it take to sell a home in Streeterville, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
103 Days | 59 Days | -43.1% |
Summary: Homes in Streeterville had an average of 59 days on market in Mar 2024, down by 43.1% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During March 2024, 55 homes were sold in Streeterville; 49% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.