Is Wicker Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wicker Park is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Wicker Park has remained a Seller's Market.

Key Takeaway

Wicker Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Wicker Park, IL

How much do homes in Wicker Park, IL cost?

Median Sold Price

$617,946

$356/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$23,946(+4.0%)

Key Takeaway

Homes in Wicker Park have sold for 4% more than they did a year ago.

Summary: The median home sold price in Wicker Park was $617,946 in April 2024, up 4% from last year, and the median price per square foot was $356.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $331.7K$346K
+4.3%
2 $437.7K$475K
+8.5%
3 $702.5K$722.5K
+2.8%
4 $1.1M$952.5K
-13.4%
5+ $1.0M$1.2M
+20.8%

Summary: Wicker Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 13.4%, and 5+ bedroom homes increased by 20.8%.

Housing Supply in Wicker Park, IL

How many homes are available in Wicker Park, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
170181+6.5%

Summary: The Wicker Park real estate market had 181 homes for sale in April 2024, a 6.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 77
0.0%
2 6361
-3.2%
3 6066
+10.0%
4 1820
+11.1%
5+ 2227
+22.7%

Summary: The Wicker Park 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 decreased by 3.2%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 22.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4563+40.0%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wicker Park, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 63 homes were sold or pending in Wicker Park in April 2024, up by 40.0% month-over-month. Of the 63 sold homes, 37% were sold under asking, 21% were sold at asking, and 43% were sold over asking.

Days on Market for Wicker Park, IL

How long does it take to sell a home in Wicker Park, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
26 Days18 Days-29.2%

Summary: Homes in Wicker Park had an average of 18 days on market in Apr 2024, down by 29.2% compared to last year.

Breakdown of Home Sale Times

53 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 63 homes were sold in Wicker Park; 84% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 6% 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 7 Days Ago

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