Is Bucktown, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bucktown is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Bucktown has remained a Seller's Market.

Key Takeaway

Bucktown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bucktown, IL

How much do homes in Bucktown, IL cost?

Median Sold Price

$786,250

$358/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$170,250(+27.6%)

Key Takeaway

Homes in Bucktown have sold for 27.6% more than they did a year ago.

Summary: The median home sold price in Bucktown was $786,250 in December 2024, up 27.6% from last year, and the median price per square foot was $358.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $294K$304K
+3.4%
2 $498.5K$505K
+1.3%
3 $778.2K$835K
+7.3%
4 $1.2M$1.2M
-1.5%
5+ $1.3M$1.2M
-8.7%

Summary: Bucktown housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 8.7%.

Median Sold Price Compared To Nearby Neighborhoods

Bucktown
+27.6%
Roscoe Village
+10.0%
North Side
+7.6%
Wicker Park
+5.5%
Logan Square
+4.4%

Housing Supply in Bucktown, IL

How many homes are available in Bucktown, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6752-22.4%

Summary: The Bucktown real estate market had 52 homes for sale in December 2024, a 22.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 1814
-22.2%
3 2017
-15.0%
4 1512
-20.0%
5+ 127
-41.7%

Summary: The Bucktown housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 41.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2120-4.8%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bucktown, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Bucktown in December 2024, down by 4.8% month-over-month. Of the 20 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.

Days on Market for Bucktown, IL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
25 Days43 Days+66.6%

Summary: Homes in Bucktown had an average of 43 days on market in Dec 2024, up by 66.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bucktown has remained consistent over time.

Summary: During December 2024, 20 homes were sold in Bucktown; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% 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 6 Days Ago

Newest Listings in Bucktown, IL

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