Is Mount Greenwood, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Greenwood is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Mount Greenwood, IL

How much do homes in Mount Greenwood, IL cost?

Median Sold Price

$284,000

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$17,875(+6.7%)

Key Takeaway

Homes in Mount Greenwood have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Mount Greenwood was $284,000 in November 2024, up 6.7% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $85K$117.5K
+38.2%
2 $225K$250K
+11.1%
3 $272.5K$299.7K
+10.0%
4 $317K$352.5K
+11.2%
5+ $239.9K$315K
+31.3%

Summary: Mount Greenwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.2%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 31.3%.

Median Sold Price Compared To Nearby Neighborhoods

Beverly
+6.8%
Mount Greenwood
+6.7%
Morgan Park
+6.5%
Far Southwest Side
+5.9%

Housing Supply in Mount Greenwood, IL

How many homes are available in Mount Greenwood, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9891-7.1%

Summary: The Mount Greenwood real estate market had 91 homes for sale in November 2024, a 7.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 2512
-52.0%
3 5150
-2.0%
4 1312
-7.7%
5+ 716
+128.6%

Summary: The Mount Greenwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 52%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 128.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3419-44.1%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Greenwood, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Mount Greenwood in November 2024, down by 44.1% month-over-month. Of the 19 sold homes, 58% were sold under asking, 26% were sold at asking, and 16% were sold over asking.

Days on Market for Mount Greenwood, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days21 Days-24.5%

Summary: Homes in Mount Greenwood had an average of 21 days on market in Nov 2024, down by 24.5% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 19 homes were sold in Mount Greenwood; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% 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 Mount Greenwood, IL

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