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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Streeterville is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Streeterville was a Seller's Market.

Key Takeaway

Streeterville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$21,421(+4.8%)

Key Takeaway

Homes in Streeterville have sold for 4.8% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $267.5K$270K
+0.9%
2 $535K$510K
-4.7%
3 $962.5K$982.5K
+2.1%
4 $1.3M$1.3M
-6.1%
5+ -$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
+4.8%
Magnificent Mile
+3.5%
900-910 Lake Shore Drive Condominium
-2.6%
777 North Michigan
-4.7%
201 East Chestnut
-4.9%

Housing Supply in Streeterville, IL

How many homes are available in Streeterville, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
395500+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

# BEDSFeb 2024Mar 2024CHANGE
1 129153
+18.6%
2 139171
+23.0%
3 98139
+41.8%
4 2429
+20.8%
5+ 58
+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 2024Mar 2024CHANGE
4655+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Streeterville, you may be able to get a good deal. 78.2% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
103 Days59 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Streeterville, IL

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