Is Streeterville, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Streeterville is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Streeterville, IL

How much do homes in Streeterville, IL cost?

Median Sold Price

$474,583

$356/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$15,416(-3.1%)

Key Takeaway

Homes in Streeterville have sold for 3.1% less than they did a year ago.

Summary: The median home sold price in Streeterville was $474,583 in November 2024, down 3.1% from last year, and the median price per square foot was $356.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $272.7K$275K
+0.8%
2 $530K$530K
0.0%
3 $972K$1.0M
+2.9%
4 $1.1M$1.3M
+11.6%
5+ $1.8M$1.7M
-3.8%

Summary: Streeterville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 3.8%.

Median Sold Price Compared To Nearby Neighborhoods

Magnificent Mile
+5.0%
Streeterville
-3.1%

Housing Supply in Streeterville, IL

How many homes are available in Streeterville, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
384405+5.5%

Summary: The Streeterville real estate market had 405 homes for sale in November 2024, a 5.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 114122
+7.0%
2 131133
+1.5%
3 115122
+6.1%
4 1619
+18.8%
5+ 89
+12.5%

Summary: The Streeterville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4348+11.6%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Streeterville, you may be able to get a good deal. 77.1% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in Streeterville in November 2024, up by 11.6% month-over-month. Of the 48 sold homes, 77% were sold under asking, 6% were sold at asking, and 17% were sold over asking.

Days on Market for Streeterville, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
64 Days73 Days+15.2%

Summary: Homes in Streeterville had an average of 73 days on market in Nov 2024, up by 15.2% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Streeterville are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 48 homes were sold in Streeterville; 33% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 38% 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 21 Days Ago

Newest Listings in Streeterville, IL

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