Is Humboldt Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Humboldt Park is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Humboldt Park was a Seller's Market.

Key Takeaway

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

Housing Prices in Humboldt Park, IL

How much do homes in Humboldt Park, IL cost?

Median Sold Price

$415,000

$247/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$40,000(+10.7%)

Key Takeaway

Homes in Humboldt Park have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in Humboldt Park was $415,000 in November 2024, up 10.7% from last year, and the median price per square foot was $247.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $190K$320K
+68.4%
2 $320K$325K
+1.6%
3 $388.7K$470K
+20.9%
4 $344K$405K
+17.7%
5+ $417.5K$475K
+13.8%

Summary: Humboldt Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.4%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 20.9%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 13.8%.

Housing Supply in Humboldt Park, IL

How many homes are available in Humboldt Park, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
143150+4.9%

Summary: The Humboldt Park real estate market had 150 homes for sale in November 2024, a 4.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 1914
-26.3%
3 3843
+13.2%
4 3229
-9.4%
5+ 5060
+20.0%

Summary: The Humboldt Park 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 decreased by 26.3%, 3 bedroom homes increased by 13.2%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2721-22.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Humboldt Park, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Humboldt Park in November 2024, down by 22.2% month-over-month. Of the 21 sold homes, 43% were sold under asking, 33% were sold at asking, and 24% were sold over asking.

Days on Market for Humboldt Park, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days33 Days+16.9%

Summary: Homes in Humboldt Park had an average of 33 days on market in Nov 2024, up by 16.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 21 homes were sold in Humboldt Park; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% 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 2 Days Ago

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