Is Beach Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beach Park is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Beach Park was a Seller's Market.

Key Takeaway

Beach Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Beach Park, IL

How much do homes in Beach Park, IL cost?

Median Sold Price

$263,750

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$30,750(+13.2%)

Key Takeaway

Homes in Beach Park have sold for 13.2% more than they did a year ago.

Summary: The median home sold price in Beach Park was $263,750 in September 2024, up 13.2% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $165K$100K
-39.4%
2 $192K$212.5K
+10.7%
3 $244.9K$260K
+6.2%
4 $305K$345K
+13.1%
5+ $260K$299.9K
+15.3%

Summary: Beach Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.4%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 15.3%.

Median Sold Price Compared To Nearby Cities

Zion Township
+21.4%
Zion
+21.4%
Beach Park
+13.2%
Waukegan
+10.6%
Benton Township
+8.7%

Housing Supply in Beach Park, IL

How many homes are available in Beach Park, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
46460.0%

Summary: The Beach Park real estate market had 46 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 12
+100.0%
2 1214
+16.7%
3 1715
-11.8%
4 1310
-23.1%
5+ 35
+66.7%

Summary: The Beach Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
167-56.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beach Park, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Beach Park in September 2024, down by 56.3% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.

Days on Market for Beach Park, IL

How long does it take to sell a home in Beach Park, IL?

Average Sale Time

Sep 2023Sep 2024CHANGE
21 Days20 Days-4.1%

Summary: Homes in Beach Park had an average of 20 days on market in Sep 2024, down by 4.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Beach Park are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 7 homes were sold in Beach Park; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in Beach Park, IL

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