Is Old Irving Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Irving Park is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Old Irving Park has remained a Seller's Market.

Key Takeaway

Old Irving Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Old Irving Park, IL

How much do homes in Old Irving Park, IL cost?

Median Sold Price

$395,000

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$100,450(-20.3%)

Key Takeaway

Homes in Old Irving Park have sold for 20.3% less than they did a year ago.

Summary: The median home sold price in Old Irving Park was $395,000 in October 2024, down 20.3% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K$161.2K
+7.5%
2 $195K$215K
+10.3%
3 $595K$546K
-8.2%
4 $680K$660K
-2.9%
5+ $630K$856K
+35.9%

Summary: Old Irving Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 10.3%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 35.9%.

Median Sold Price Compared To Nearby Neighborhoods

Irving Park
+11.6%
Albany Park
+8.8%
Northwest Side
+4.0%
Old Irving Park
-20.3%

Housing Supply in Old Irving Park, IL

How many homes are available in Old Irving Park, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3442+23.5%

Summary: The Old Irving Park real estate market had 42 homes for sale in October 2024, a 23.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 37
+133.3%
2 710
+42.9%
3 99
0.0%
4 910
+11.1%
5+ 66
0.0%

Summary: The Old Irving Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes increased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
613+116.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Old Irving Park, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Old Irving Park in October 2024, up by 116.7% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.

Days on Market for Old Irving Park, IL

How long does it take to sell a home in Old Irving Park, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days30 Days+106.2%

Summary: Homes in Old Irving Park had an average of 30 days on market in Oct 2024, up by 106.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Old Irving Park are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in Old Irving Park; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% 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 Old Irving Park, IL

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