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 October 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

$670,000

$355/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$53,583(+8.7%)

Key Takeaway

Homes in North Center have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in North Center was $670,000 in October 2024, up 8.7% from last year, and the median price per square foot was $355.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $258.2K$256K
-0.9%
2 $429.9K$437.5K
+1.8%
3 $605.6K$710K
+17.2%
4 $1.0M$987.5K
-3.7%
5+ $1.2M$1.5M
+18.4%

Summary: North Center housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 17.2%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 18.4%.

Median Sold Price Compared To Nearby Neighborhoods

Roscoe Village
+10.1%
North Center
+8.7%

Housing Supply in North Center, IL

How many homes are available in North Center, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
120123+2.5%

Summary: The North Center real estate market had 123 homes for sale in October 2024, a 2.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 87
-12.5%
2 2834
+21.4%
3 2925
-13.8%
4 2222
0.0%
5+ 3335
+6.1%

Summary: The North Center housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 21.4%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 6.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3426-23.5%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Center, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in North Center in October 2024, down by 23.5% month-over-month. Of the 26 sold homes, 58% were sold under asking, 19% were sold at asking, and 23% 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

Oct 2023Oct 2024CHANGE
20 Days43 Days+116.9%

Summary: Homes in North Center had an average of 43 days on market in Oct 2024, up by 116.9% compared to last year.

Breakdown of Home Sale Times

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

Summary: During October 2024, 26 homes were sold in North Center; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% 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 17 Days Ago

Newest Listings in North Center, IL

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