Is Lakeview East, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lakeview East is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Lakeview East has remained a Seller's Market.

Key Takeaway

Lakeview East is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lakeview East, IL

How much do homes in Lakeview East, IL cost?

Median Sold Price

$315,500

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,166(+2.0%)

Key Takeaway

Homes in Lakeview East have sold for 2% more than they did a year ago.

Summary: The median home sold price in Lakeview East was $315,500 in October 2024, up 2% from last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $213K$226.5K
+6.3%
2 $345K$350K
+1.4%
3 $585K$611.2K
+4.5%
4 $859.5K$925K
+7.6%
5+ $1.8M$2.2M
+19.3%

Summary: Lakeview East housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 19.3%.

Median Sold Price Compared To Nearby Neighborhoods

Wrigleyville
+11.6%
North Side
+7.2%
Lake View
+4.9%
Lakeview East
+2.0%
Boystown
-6.1%

Housing Supply in Lakeview East, IL

How many homes are available in Lakeview East, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
144145+0.7%

Summary: The Lakeview East real estate market had 145 homes for sale in October 2024, a 0.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 5552
-5.5%
2 6165
+6.6%
3 2020
0.0%
4 66
0.0%
5+ 22
0.0%

Summary: The Lakeview East housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 6.6%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3733-10.8%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lakeview East, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Lakeview East in October 2024, down by 10.8% month-over-month. Of the 33 sold homes, 67% were sold under asking, 6% were sold at asking, and 27% were sold over asking.

Days on Market for Lakeview East, IL

How long does it take to sell a home in Lakeview East, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days21 Days-0.4%

Summary: Homes in Lakeview East had an average of 21 days on market in Oct 2024, down by 0.4% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 33 homes were sold in Lakeview East; 73% of homes were sold within 30 days, 27% 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 16 Days Ago

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