Is North Center, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Center is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in North Center, IL

How much do homes in North Center, IL cost?

Median Sold Price

$682,550

$356/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$58,550(+9.4%)

Key Takeaway

Homes in North Center have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in North Center was $682,550 in November 2024, up 9.4% from last year, and the median price per square foot was $356.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $255K$256K
0.4%
2 $430K$436K
+1.4%
3 $609K$712.5K
+17.0%
4 $1.0M$987.5K
-4.6%
5+ $1.2M$1.5M
+26.0%

Summary: North Center housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 17%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 26%.

Median Sold Price Compared To Nearby Neighborhoods

North Center
+9.4%
Roscoe Village
+7.2%

Housing Supply in North Center, IL

How many homes are available in North Center, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
118103-12.7%

Summary: The North Center real estate market had 103 homes for sale in November 2024, a 12.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 77
0.0%
2 3230
-6.3%
3 2421
-12.5%
4 2017
-15.0%
5+ 3528
-20.0%

Summary: The North Center 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 decreased by 6.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
29290.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Center, you could pay more than the asking price. 55.2% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in North Center in November 2024, the same as the previous month. Of the 29 sold homes, 41% were sold under asking, 3% were sold at asking, and 55% were sold over asking.

Days on Market for North Center, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
34 Days18 Days-47.6%

Summary: Homes in North Center had an average of 18 days on market in Nov 2024, down by 47.6% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 29 homes were sold in North Center; 93% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% 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 North Center, IL

Nearby Markets to North Center, IL