Is Mount Greenwood, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mount Greenwood has remained a Seller's Market.
Housing Prices in Mount Greenwood, IL
How much do homes in Mount Greenwood, IL cost?
Median Sold Price
$292,166
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mount Greenwood was $292,166 in May 2024, up 15.9% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $115.5K | +35.9% |
2 Bedrooms | $215.5K | $265.9K | +23.4% |
3 Bedrooms | $263.5K | $300.2K | +13.9% |
4 Bedrooms | $320K | $319K | -0.3% |
5+ Bedrooms | $234.9K | $304.5K | +29.6% |
Summary: Mount Greenwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.9%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 29.6%.
Median Sold Price Compared To Nearby Neighborhoods
Mount Greenwood | $252K | $292.1K | +15.9% |
Morgan Park | $219.9K | $237K | +7.8% |
Far Southwest Side | $242.7K | $254.3K | +4.8% |
Beverly | $390K | $355.5K | -8.8% |
Housing Supply in Mount Greenwood, IL
How many homes are available in Mount Greenwood, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
67 | 66 | -1.5% |
Summary: The Mount Greenwood real estate market had 66 homes for sale in May 2024, a 1.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 6 | -40.0% |
3 Bedrooms | 37 | 37 | 0.0% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Mount Greenwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 14 | -44.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Mount Greenwood in May 2024, down by 44.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.
Days on Market for Mount Greenwood, IL
How long does it take to sell a home in Mount Greenwood, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 26 Days | -14.2% |
Summary: Homes in Mount Greenwood had an average of 26 days on market in May 2024, down by 14.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Mount Greenwood; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.