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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rogers Park is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Rogers Park was a Seller's Market.

Key Takeaway

Rogers Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Rogers Park, IL

How much do homes in Rogers Park, IL cost?

Median Sold Price

$247,593

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$33,277(+15.5%)

Key Takeaway

Homes in Rogers Park have sold for 15.5% more than they did a year ago.

Summary: The median home sold price in Rogers Park was $247,593 in November 2024, up 15.5% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $138.9K$155K
+11.6%
2 $205K$230.5K
+12.4%
3 $335K$350K
+4.5%
4 $494.5K$525.2K
+6.2%
5+ $701K$685K
-2.3%

Summary: Rogers Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 2.3%.

Housing Supply in Rogers Park, IL

How many homes are available in Rogers Park, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
139134-3.6%

Summary: The Rogers Park real estate market had 134 homes for sale in November 2024, a 3.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2124
+14.3%
2 7269
-4.2%
3 3026
-13.3%
4 45
+25.0%
5+ 1210
-16.7%

Summary: The Rogers Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3719-48.6%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rogers Park, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Rogers Park in November 2024, down by 48.6% month-over-month. Of the 19 sold homes, 47% were sold under asking, 16% were sold at asking, and 37% were sold over asking.

Days on Market for Rogers Park, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days28 Days+5.5%

Summary: Homes in Rogers Park had an average of 28 days on market in Nov 2024, up by 5.5% 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 Rogers Park are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in Rogers Park; 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 18 Days Ago

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