Is Gold Coast, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gold Coast is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Gold Coast was a Seller's Market.

Key Takeaway

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

Housing Prices in Gold Coast, IL

How much do homes in Gold Coast, IL cost?

Median Sold Price

$382,966

$313/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$41,728(+12.2%)

Key Takeaway

Homes in Gold Coast have sold for 12.2% more than they did a year ago.

Summary: The median home sold price in Gold Coast was $382,966 in October 2024, up 12.2% from last year, and the median price per square foot was $313.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $222.5K$230K
+3.4%
2 $385K$410K
+6.5%
3 $791.5K$725K
-8.4%
4 $1.6M$1.3M
-14.1%
5+ $2.5M$2.7M
+7.4%

Summary: Gold Coast housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes increased by 7.4%.

Median Sold Price Compared To Nearby Neighborhoods

Gold Coast
+12.2%
Lincoln Park
+8.4%
Near North Side
+1.0%
Old Town
-2.1%
Streeterville
-3.3%

Housing Supply in Gold Coast, IL

How many homes are available in Gold Coast, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
223258+15.7%

Summary: The Gold Coast real estate market had 258 homes for sale in October 2024, a 15.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 4655
+19.6%
2 6167
+9.8%
3 7183
+16.9%
4 2832
+14.3%
5+ 1721
+23.5%

Summary: The Gold Coast housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19.6%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 23.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3628-22.2%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gold Coast, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Gold Coast in October 2024, down by 22.2% month-over-month. Of the 28 sold homes, 71% were sold under asking, 25% were sold at asking, and 4% were sold over asking.

Days on Market for Gold Coast, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days54 Days+117.9%

Summary: Homes in Gold Coast had an average of 54 days on market in Oct 2024, up by 117.9% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 28 homes were sold in Gold Coast; 68% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 29% 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 20 Days Ago

Newest Listings in Gold Coast, IL

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