Is Roscoe Village, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Roscoe Village is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Roscoe Village has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Roscoe Village, IL

How much do homes in Roscoe Village, IL cost?

Median Sold Price

$660,500

$348/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$60,833(+10.1%)

Key Takeaway

Homes in Roscoe Village have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in Roscoe Village was $660,500 in October 2024, up 10.1% from last year, and the median price per square foot was $348.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $263.7K$255K
-3.3%
2 $430K$437.5K
+1.7%
3 $605.6K$679.5K
+12.2%
4 $1.0M$975K
-7.1%
5+ $1.2M$1.5M
+19.9%

Summary: Roscoe Village housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 19.9%.

Median Sold Price Compared To Nearby Neighborhoods

Roscoe Village
+10.1%
North Center
+8.7%
North Side
+7.2%
Lake View
+4.9%

Housing Supply in Roscoe Village, IL

How many homes are available in Roscoe Village, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6872+5.9%

Summary: The Roscoe Village real estate market had 72 homes for sale in October 2024, a 5.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 1824
+33.3%
3 1916
-15.8%
4 1312
-7.7%
5+ 1619
+18.8%

Summary: The Roscoe Village housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 18.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1816-11.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Roscoe Village, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Roscoe Village in October 2024, down by 11.1% month-over-month. Of the 16 sold homes, 63% were sold under asking, 6% were sold at asking, and 31% were sold over asking.

Days on Market for Roscoe Village, IL

How long does it take to sell a home in Roscoe Village, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days61 Days+161.8%

Summary: Homes in Roscoe Village had an average of 61 days on market in Oct 2024, up by 161.8% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 16 homes were sold in Roscoe Village; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% 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

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