Is Far North Side, 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, Far North Side has remained a Seller's Market.
Housing Prices in Far North Side, IL
How much do homes in Far North Side, IL cost?
Median Sold Price
$350,839
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Far North Side was $350,839 in April 2024, up 6.2% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $144.6K | $154.4K | +6.8% |
2 Bedrooms | $260K | $272.9K | +5.0% |
3 Bedrooms | $424.7K | $439.8K | +3.6% |
4 Bedrooms | $550.3K | $589.9K | +7.2% |
5+ Bedrooms | $622.9K | $650.3K | +4.4% |
Summary: Far North Side housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Neighborhoods
Sauganash | $500K | $593K | +18.6% |
Far North Side | $330.2K | $350.8K | +6.2% |
Crawford-Peterson | $475K | $463K | -2.5% |
Housing Supply in Far North Side, IL
How many homes are available in Far North Side, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,145 | 1,329 | +16.1% |
Summary: The Far North Side real estate market had 1,329 homes for sale in April 2024, a 16.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 174 | 193 | +10.9% |
2 Bedrooms | 398 | 450 | +13.1% |
3 Bedrooms | 304 | 363 | +19.4% |
4 Bedrooms | 139 | 182 | +30.9% |
5+ Bedrooms | 130 | 141 | +8.5% |
Summary: The Far North Side housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 30.9%, and 5+ bedroom homes increased by 8.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
333 | 368 | +10.5% |
Asking Price vs. Sold Price
144 Homes Were Sold
Under Asking
56 Homes Were Sold
At Asking
168 Homes Were Sold
Over Asking
Summary: A total of 368 homes were sold or pending in Far North Side in April 2024, up by 10.5% month-over-month. Of the 368 sold homes, 39% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for Far North Side, IL
How long does it take to sell a home in Far North Side, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 22 Days | -21.2% |
Summary: Homes in Far North Side had an average of 22 days on market in Apr 2024, down by 21.2% compared to last year.
Breakdown of Home Sale Times
292 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Summary: During April 2024, 368 homes were sold in Far North Side; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.