Is North Chicago, 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, 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
$185,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Chicago was $185,000 in April 2024, up 8.8% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $94.2K | $107K | +13.5% |
2 Bedrooms | $151K | $172.5K | +14.2% |
3 Bedrooms | $165K | $210K | +27.3% |
4 Bedrooms | $180K | $175K | -2.8% |
5+ Bedrooms | $196.7K | $214.7K | +9.1% |
Summary: North Chicago housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 27.3%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
Shields Township | $546.2K | $615K | +12.6% |
Waukegan Township | $189K | $211.6K | +12.0% |
North Chicago | $170K | $185K | +8.8% |
Lake Bluff | $629.9K | $610K | -3.2% |
Housing Supply in North Chicago, IL
How many homes are available in North Chicago, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 31 | +24.0% |
Summary: The North Chicago real estate market had 31 homes for sale in April 2024, a 24.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 6 | 11 | +83.3% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The North Chicago housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 83.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in North Chicago in April 2024, down by 22.2% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 12 Days | -27.5% |
Summary: Homes in North Chicago had an average of 12 days on market in Apr 2024, down by 27.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in North Chicago; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.