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 November 2023

At the same time last year, Fulton Market was a Seller'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

$665,500

$440/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$239,500(-26.5%)

Key Takeaway

Homes in Fulton Market have sold for 26.5% less than they did a year ago.

Summary: The median home sold price in Fulton Market was $665,500 in November 2024, down 26.5% from last year, and the median price per square foot was $440.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $346.2K$375K
+8.3%
2 $580K$599K
+3.3%
3 $1.0M$1.1M
+15.4%
4 $2.0M$3.0M
+50.1%
5+ $2.8M$1.4M
-50.0%

Summary: Fulton Market housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 50.1%, and 5+ bedroom homes decreased by 50%.

Median Sold Price Compared To Nearby Neighborhoods

Noble Square
+10.6%
Fulton River District
+3.7%
River West
-4.0%
Fulton Market
-26.5%

Housing Supply in Fulton Market, IL

How many homes are available in Fulton Market, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4862+29.2%

Summary: The Fulton Market real estate market had 62 homes for sale in November 2024, a 29.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 67
+16.7%
2 2027
+35.0%
3 1419
+35.7%
4 67
+16.7%
5+ 22
0.0%

Summary: The Fulton Market housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Fulton Market in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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

Nov 2023Nov 2024CHANGE
9 Days27 Days+190.1%

Summary: Homes in Fulton Market had an average of 27 days on market in Nov 2024, up by 190.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 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 November 2024, 6 homes were sold in Fulton Market; 50% of homes were sold within 30 days, 50% 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 17 Days Ago

Newest Listings in Fulton Market, IL

Nearby Markets to Fulton Market, IL