Is North Chicago, 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, North Chicago has remained a Seller's Market.
Housing Prices in North Chicago, IL
How much do homes in North Chicago, IL cost?
Median Sold Price
$182,500
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Chicago was $182,500 in May 2024, up 7.4% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $119K | +25.3% |
2 Bedrooms | $147K | $175K | +19.0% |
3 Bedrooms | $168.6K | $210K | +24.5% |
4 Bedrooms | $192.5K | $174.7K | -9.2% |
5+ Bedrooms | $199.2K | $205K | +2.9% |
Summary: North Chicago housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.3%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 24.5%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
Shields Township | $546.2K | $634.1K | +16.1% |
Waukegan Township | $189.9K | $211.6K | +11.4% |
North Chicago | $170K | $182.5K | +7.4% |
Lake Bluff | $625K | $630K | +0.8% |
Housing Supply in North Chicago, IL
How many homes are available in North Chicago, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 39 | +18.2% |
Summary: The North Chicago real estate market had 39 homes for sale in May 2024, a 18.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The North Chicago housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in North Chicago in May 2024, up by 42.9% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for North Chicago, IL
How long does it take to sell a home in North Chicago, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 27 Days | +42.1% |
Summary: Homes in North Chicago had an average of 27 days on market in May 2024, up by 42.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in North Chicago; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.