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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincoln Square is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Lincoln Square, IL

How much do homes in Lincoln Square, IL cost?

Median Sold Price

$531,666

$305/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$62,666(+13.4%)

Key Takeaway

Homes in Lincoln Square have sold for 13.4% more than they did a year ago.

Summary: The median home sold price in Lincoln Square was $531,666 in November 2024, up 13.4% from last year, and the median price per square foot was $305.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $210K$193.7K
-7.7%
2 $316K$315K
-0.3%
3 $582.4K$589.9K
+1.3%
4 $806K$932.5K
+15.7%
5+ $850K$970K
+14.1%

Summary: Lincoln Square housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 14.1%.

Housing Supply in Lincoln Square, IL

How many homes are available in Lincoln Square, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9796-1.0%

Summary: The Lincoln Square real estate market had 96 homes for sale in November 2024, a 1.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 710
+42.9%
2 3032
+6.7%
3 2320
-13.0%
4 1316
+23.1%
5+ 2418
-25.0%

Summary: The Lincoln Square housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3026-13.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lincoln Square, you could pay more than the asking price. 57.7% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in Lincoln Square in November 2024, down by 13.3% month-over-month. Of the 26 sold homes, 31% were sold under asking, 12% were sold at asking, and 58% were sold over asking.

Days on Market for Lincoln Square, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days22 Days-10.8%

Summary: Homes in Lincoln Square had an average of 22 days on market in Nov 2024, down by 10.8% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 26 homes were sold in Lincoln Square; 81% of homes were sold within 30 days, 15% 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 18 Days Ago

Newest Listings in Lincoln Square, IL

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