Is United Center, 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, United Center has remained a Seller's Market.
Housing Prices in United Center, IL
How much do homes in United Center, IL cost?
Median Sold Price
$303,750
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in United Center was $303,750 in April 2024, down 1.9% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245K | $250K | +2.0% |
2 Bedrooms | $286.2K | $320K | +11.8% |
3 Bedrooms | $430K | $367K | -14.7% |
4 Bedrooms | $500K | $315K | -37.0% |
5+ Bedrooms | $466K | $752K | +61.4% |
Summary: United Center housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes decreased by 37%, and 5+ bedroom homes increased by 61.4%.
Median Sold Price Compared To Nearby Neighborhoods
West Town | $550K | $625K | +13.6% |
Little Italy / University Village | $335K | $365K | +9.0% |
West Loop | $443.9K | $462.6K | +4.2% |
United Center | $309.5K | $303.7K | -1.9% |
Housing Supply in United Center, IL
How many homes are available in United Center, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 50 | +42.9% |
Summary: The United Center real estate market had 50 homes for sale in April 2024, a 42.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 16 | 26 | +62.5% |
3 Bedrooms | 11 | 13 | +18.2% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The United Center housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in United Center in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for United Center, IL
How long does it take to sell a home in United Center, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 44 Days | +10.1% |
Summary: Homes in United Center had an average of 44 days on market in Apr 2024, up by 10.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in United Center; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.