Is Wicker Park, 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, Wicker Park has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $331.7K | $346K | +4.3% |
2 Bedrooms | $437.7K | $475K | +8.5% |
3 Bedrooms | $702.5K | $722.5K | +2.8% |
4 Bedrooms | $1.1M | $952.5K | -13.4% |
5+ Bedrooms | $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 2024 | Apr 2024 | CHANGE |
---|---|---|
170 | 181 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 63 | 61 | -3.2% |
3 Bedrooms | 60 | 66 | +10.0% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 22 | 27 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 63 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 18 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
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.