Is Uptown, 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, Uptown has remained a Seller's Market.
Housing Prices in Uptown, IL
How much do homes in Uptown, IL cost?
Median Sold Price
$350,533
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Uptown was $350,533 in April 2024, up 6% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $163K | +8.7% |
2 Bedrooms | $329.9K | $339.8K | +3.0% |
3 Bedrooms | $475K | $521.2K | +9.7% |
4 Bedrooms | $717.5K | $785K | +9.4% |
5+ Bedrooms | $1.1M | $875K | -23.1% |
Summary: Uptown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 23.1%.
Median Sold Price Compared To Nearby Neighborhoods
Truman Square | $367K | $414.9K | +13.1% |
Margate Park | $144.1K | $155K | +7.6% |
Uptown | $330.6K | $350.5K | +6.0% |
Lakeside | $349.5K | $330K | -5.6% |
Housing Supply in Uptown, IL
How many homes are available in Uptown, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
206 | 240 | +16.5% |
Summary: The Uptown real estate market had 240 homes for sale in April 2024, a 16.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 57 | 56 | -1.8% |
2 Bedrooms | 78 | 88 | +12.8% |
3 Bedrooms | 42 | 53 | +26.2% |
4 Bedrooms | 17 | 27 | +58.8% |
5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The Uptown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 58.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 74 | +29.8% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 74 homes were sold or pending in Uptown in April 2024, up by 29.8% month-over-month. Of the 74 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.
Days on Market for Uptown, IL
How long does it take to sell a home in Uptown, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 18 Days | -32.9% |
Summary: Homes in Uptown had an average of 18 days on market in Apr 2024, down by 32.9% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 74 homes were sold in Uptown; 84% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.