Is Lincolnwood, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincolnwood is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Lincolnwood, IL

How much do homes in Lincolnwood, IL cost?

Median Sold Price

$479,900

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$32,100(-6.3%)

Key Takeaway

Homes in Lincolnwood have sold for 6.3% less than they did a year ago.

Summary: The median home sold price in Lincolnwood was $479,900 in November 2024, down 6.3% from last year, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $217.5K$224.9K
+3.4%
2 $315.7K$295K
-6.6%
3 $469.8K$451.5K
-3.9%
4 $650.5K$645K
-0.8%
5+ $975.3K$1.3M
+33.3%

Summary: Lincolnwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 33.3%.

Median Sold Price Compared To Nearby Cities

Skokie
+8.0%
Chicago
+7.1%
Niles Township
+6.6%
Lincolnwood
-6.3%

Housing Supply in Lincolnwood, IL

How many homes are available in Lincolnwood, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4944-10.2%

Summary: The Lincolnwood real estate market had 44 homes for sale in November 2024, a 10.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 55
0.0%
3 2524
-4.0%
4 138
-38.5%
5+ 56
+20.0%

Summary: The Lincolnwood 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 remained the same, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lincolnwood, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Lincolnwood in November 2024, down by 16.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Lincolnwood, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
62 Days22 Days-63.7%

Summary: Homes in Lincolnwood had an average of 22 days on market in Nov 2024, down by 63.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 10 homes were sold in Lincolnwood; 80% of homes were sold within 30 days, 20% 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 20 Days Ago

Newest Listings in Lincolnwood, IL

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