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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Noble Square is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Noble Square was a Seller's Market.

Key Takeaway

Noble Square is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Noble Square, IL

How much do homes in Noble Square, IL cost?

Median Sold Price

$664,333

$340/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$87,333(+15.1%)

Key Takeaway

Homes in Noble Square have sold for 15.1% more than they did a year ago.

Summary: The median home sold price in Noble Square was $664,333 in October 2024, up 15.1% from last year, and the median price per square foot was $340.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $287.5K$290K
+0.9%
2 $437.5K$485K
+10.9%
3 $666.2K$711.7K
+6.8%
4 $796.5K$890K
+11.7%
5+ $1.1M$832.5K
-25.1%

Summary: Noble Square housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 25.1%.

Median Sold Price Compared To Nearby Neighborhoods

Noble Square
+15.1%
West Town
+6.8%
West Side
+4.4%
River West
0.0%

Housing Supply in Noble Square, IL

How many homes are available in Noble Square, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7487+17.6%

Summary: The Noble Square real estate market had 87 homes for sale in October 2024, a 17.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 2324
+4.3%
3 2531
+24.0%
4 1417
+21.4%
5+ 912
+33.3%

Summary: The Noble Square housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1614-12.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Noble Square, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Noble Square in October 2024, down by 12.5% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.

Days on Market for Noble Square, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days9 Days-64.6%

Summary: Homes in Noble Square had an average of 9 days on market in Oct 2024, down by 64.6% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 14 homes were sold in Noble Square; 93% of homes were sold within 30 days, 7% 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 14 Days Ago

Newest Listings in Noble Square, IL

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