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 neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Gold Coast 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 Gold Coast, IL

How much do homes in Gold Coast, IL cost?

Median Sold Price

$390,000

$318/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$47,109(+13.7%)

Key Takeaway

Homes in Gold Coast have sold for 13.7% more than they did a year ago.

Summary: The median home sold price in Gold Coast was $390,000 in November 2024, up 13.7% from last year, and the median price per square foot was $318.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $225K$230K
+2.2%
2 $385K$420.5K
+9.2%
3 $800K$760K
-5.0%
4 $1.5M$1.4M
-5.6%
5+ $2.5M$2.7M
+7.4%

Summary: Gold Coast housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 9.2%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 7.4%.

Median Sold Price Compared To Nearby Neighborhoods

Gold Coast
+13.7%
Lincoln Park
+8.1%
Near North Side
+4.0%
Old Town
-0.8%
Streeterville
-3.1%

Housing Supply in Gold Coast, IL

How many homes are available in Gold Coast, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
230237+3.0%

Summary: The Gold Coast real estate market had 237 homes for sale in November 2024, a 3.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 5050
0.0%
2 6065
+8.3%
3 7474
0.0%
4 2829
+3.6%
5+ 1819
+5.6%

Summary: The Gold Coast housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 5.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3039+30.0%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were 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. 69.2% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in Gold Coast in November 2024, up by 30.0% month-over-month. Of the 39 sold homes, 69% were sold under asking, 13% were sold at asking, and 18% 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

Nov 2023Nov 2024CHANGE
54 Days43 Days-19.9%

Summary: Homes in Gold Coast had an average of 43 days on market in Nov 2024, down by 19.9% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

6 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 November 2024, 39 homes were sold in Gold Coast; 51% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 15% 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 21 Days Ago

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