Is North Side, 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 Side has remained a Seller's Market.
Housing Prices in North Side, IL
How much do homes in North Side, IL cost?
Median Sold Price
$589,881
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Side was $589,881 in May 2024, up 7.2% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229.8K | $235K | +2.2% |
2 Bedrooms | $415.1K | $442K | +6.5% |
3 Bedrooms | $675K | $725K | +7.4% |
4 Bedrooms | $985K | $1.0M | +4.0% |
5+ Bedrooms | $1.1M | $1.2M | +4.6% |
Summary: North Side housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Neighborhoods
Sheffield & DePaul | $676K | $780K | +15.4% |
Lakeview East | $285.9K | $320K | +11.9% |
North Side | $550.4K | $589.8K | +7.2% |
Southport Corridor | $650K | $692.5K | +6.5% |
Housing Supply in North Side, IL
How many homes are available in North Side, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,452 | 1,604 | +10.5% |
Summary: The North Side real estate market had 1,604 homes for sale in May 2024, a 10.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 186 | 208 | +11.8% |
2 Bedrooms | 428 | 441 | +3.0% |
3 Bedrooms | 386 | 404 | +4.7% |
4 Bedrooms | 200 | 243 | +21.5% |
5+ Bedrooms | 252 | 308 | +22.2% |
Summary: The North Side housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
453 | 420 | -7.3% |
Asking Price vs. Sold Price
157 Homes Were Sold
Under Asking
72 Homes Were Sold
At Asking
191 Homes Were Sold
Over Asking
Summary: A total of 420 homes were sold or pending in North Side in May 2024, down by 7.3% month-over-month. Of the 420 sold homes, 37% were sold under asking, 17% were sold at asking, and 45% were sold over asking.
Days on Market for North Side, IL
How long does it take to sell a home in North Side, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 21 Days | -3.9% |
Summary: Homes in North Side had an average of 21 days on market in May 2024, down by 3.9% compared to last year.
Breakdown of Home Sale Times
354 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During May 2024, 420 homes were sold in North Side; 84% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.