Is Rush & Division, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rush & Division is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Rush & Division was a Buyer's Market.

Key Takeaway

Rush & Division is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Rush & Division, IL

How much do homes in Rush & Division, IL cost?

Median Sold Price

$455,000

$393/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$1,250(+0.3%)

Key Takeaway

The sold price of homes in Rush & Division has remained the same since last year.

Summary: The median home sold price in Rush & Division was $455,000 in November 2024, up 0.3% from last year, and the median price per square foot was $393.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $288.5K$299K
+3.6%
2 $485K$487.5K
0.5%
3 $1.0M$1.2M
+12.8%
4 $1.4M$2.1M
+44.8%
5+ $1.7M$5.2M
+204.3%

Summary: Rush & Division housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 44.8%, and 5+ bedroom homes increased by 204.3%.

Median Sold Price Compared To Nearby Neighborhoods

Gold Coast
+13.7%
Magnificent Mile
+5.0%
Near North Side
+4.0%
River North
+3.3%
Rush & Division
0.3%

Housing Supply in Rush & Division, IL

How many homes are available in Rush & Division, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
134131-2.2%

Summary: The Rush & Division real estate market had 131 homes for sale in November 2024, a 2.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3842
+10.5%
2 4240
-4.8%
3 4135
-14.6%
4 76
-14.3%
5+ 68
+33.3%

Summary: The Rush & Division housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.5%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 14.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2225+13.6%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rush & Division, you may be able to get a good deal. 72% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Rush & Division in November 2024, up by 13.6% month-over-month. Of the 25 sold homes, 72% were sold under asking, 12% were sold at asking, and 16% were sold over asking.

Days on Market for Rush & Division, IL

How long does it take to sell a home in Rush & Division, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
67 Days40 Days-39.9%

Summary: Homes in Rush & Division had an average of 40 days on market in Nov 2024, down by 39.9% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rush & Division are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 25 homes were sold in Rush & Division; 52% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 12% 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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