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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincoln Park is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Lincoln Park has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Lincoln Park, IL

How much do homes in Lincoln Park, IL cost?

Median Sold Price

$719,703

$396/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$54,117(+8.1%)

Key Takeaway

Homes in Lincoln Park have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in Lincoln Park was $719,703 in November 2024, up 8.1% from last year, and the median price per square foot was $396.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $250K$267.7K
+7.1%
2 $481.8K$525.3K
+9.0%
3 $825K$850K
+3.0%
4 $1.3M$1.4M
+7.8%
5+ $1.9M$1.8M
-3.6%

Summary: Lincoln Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 3.6%.

Median Sold Price Compared To Nearby Neighborhoods

Lincoln Park
+8.1%
Sheffield & DePaul
+7.7%

Housing Supply in Lincoln Park, IL

How many homes are available in Lincoln Park, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
263214-18.6%

Summary: The Lincoln Park real estate market had 214 homes for sale in November 2024, a 18.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3828
-26.3%
2 8573
-14.1%
3 5944
-25.4%
4 3633
-8.3%
5+ 4536
-20.0%

Summary: The Lincoln Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 26.3%, 2 bedroom homes decreased by 14.1%, 3 bedroom homes decreased by 25.4%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8271-13.4%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lincoln Park, you may be able to get a good deal. 53.5% of homes here sold below asking price last month.

Summary: A total of 71 homes were sold or pending in Lincoln Park in November 2024, down by 13.4% month-over-month. Of the 71 sold homes, 54% were sold under asking, 20% were sold at asking, and 27% were sold over asking.

Days on Market for Lincoln Park, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
32 Days22 Days-31.5%

Summary: Homes in Lincoln Park had an average of 22 days on market in Nov 2024, down by 31.5% compared to last year.

Breakdown of Home Sale Times

55 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 71 homes were sold in Lincoln Park; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 4% 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

Newest Listings in Lincoln Park, IL

Nearby Markets to Lincoln Park, IL