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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Logan Square is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Logan Square, IL

How much do homes in Logan Square, IL cost?

Median Sold Price

$565,000

$324/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,000(+0.9%)

Key Takeaway

Homes in Logan Square have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in Logan Square was $565,000 in November 2024, up 0.9% from last year, and the median price per square foot was $324.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $235K$282.5K
+20.2%
2 $400K$399.4K
-0.1%
3 $635K$640K
+0.8%
4 $765K$780K
+2.0%
5+ $692.5K$755K
+9.0%

Summary: Logan Square housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 9%.

Median Sold Price Compared To Nearby Neighborhoods

Palmer Square
+2.2%
Logan Square
+0.9%
Kosciuszko Park
-7.0%

Housing Supply in Logan Square, IL

How many homes are available in Logan Square, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
154148-3.9%

Summary: The Logan Square real estate market had 148 homes for sale in November 2024, a 3.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 3429
-14.7%
3 5349
-7.5%
4 1521
+40.0%
5+ 4947
-4.1%

Summary: The Logan Square housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 14.7%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 4.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4431-29.5%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Logan Square, you may be able to get a good deal. 54.8% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Logan Square in November 2024, down by 29.5% month-over-month. Of the 31 sold homes, 55% were sold under asking, 32% were sold at asking, and 13% were sold over asking.

Days on Market for Logan Square, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
21 Days37 Days+77.7%

Summary: Homes in Logan Square had an average of 37 days on market in Nov 2024, up by 77.7% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 31 homes were sold in Logan Square; 65% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 16% 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 Logan Square, IL

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