Is Union Ridge, 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, Union Ridge has remained a Seller's Market.
Housing Prices in Union Ridge, IL
How much do homes in Union Ridge, IL cost?
Median Sold Price
$377,500
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Union Ridge was $377,500 in April 2024, up 7.9% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $111K | -47.1% |
2 Bedrooms | $330K | $310K | -6.1% |
3 Bedrooms | $368.5K | $385K | +4.5% |
4 Bedrooms | $350K | $385K | +10.0% |
5+ Bedrooms | $550K | $875K | +59.1% |
Summary: Union Ridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.1%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 59.1%.
Median Sold Price Compared To Nearby Neighborhoods
Norwood Park | $350.2K | $380.3K | +8.6% |
Union Ridge | $349.9K | $377.5K | +7.9% |
Oriole Park | $350K | $375K | +7.1% |
Jefferson Park | $390K | $396K | +1.5% |
Old Norwood | $511.5K | $462.5K | -9.6% |
Housing Supply in Union Ridge, IL
How many homes are available in Union Ridge, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 14 | -12.5% |
Summary: The Union Ridge real estate market had 14 homes for sale in April 2024, a 12.5% decrease 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 | 2 | 3 | +50.0% |
3 Bedrooms | 12 | 8 | -33.3% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Union Ridge 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 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Union Ridge in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Union Ridge, IL
How long does it take to sell a home in Union Ridge, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 19 Days | +87.3% |
Summary: Homes in Union Ridge had an average of 19 days on market in Apr 2024, up by 87.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Union Ridge; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.