Is Fulton Market, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fulton Market is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Fulton Market has remained a Buyer's Market.

Key Takeaway

Fulton Market is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Fulton Market, IL

How much do homes in Fulton Market, IL cost?

Median Sold Price

$716,250

$470/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$110,250(-13.3%)

Key Takeaway

Homes in Fulton Market have sold for 13.3% less than they did a year ago.

Summary: The median home sold price in Fulton Market was $716,250 in October 2024, down 13.3% from last year, and the median price per square foot was $470.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $342.5K$375K
+9.5%
2 $537.5K$602.5K
+12.1%
3 $1.0M$1.5M
+48.6%
4 $1.8M$3.0M
+70.4%
5+ $2.8M$1.4M
-50.0%

Summary: Fulton Market housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 48.6%, 4 bedroom homes increased by 70.4%, and 5+ bedroom homes decreased by 50%.

Median Sold Price Compared To Nearby Neighborhoods

Noble Square
+15.1%
Fulton River District
+4.6%
River West
0.0%
Fulton Market
-13.3%

Housing Supply in Fulton Market, IL

How many homes are available in Fulton Market, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4855+14.6%

Summary: The Fulton Market real estate market had 55 homes for sale in October 2024, a 14.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 77
0.0%
2 1621
+31.3%
3 1116
+45.5%
4 109
-10.0%
5+ 42
-50.0%

Summary: The Fulton Market housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 45.5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
145-64.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fulton Market, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Fulton Market in October 2024, down by 64.3% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Fulton Market, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
54 Days26 Days-52.2%

Summary: Homes in Fulton Market had an average of 26 days on market in Oct 2024, down by 52.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 5 homes were sold in Fulton Market; 60% of homes were sold within 30 days, 40% 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 14 Days Ago

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