Nicholas Framularo, Listing Office: RE/MAX PREMIER
Is Streeterville, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Streeterville was a Neutral Market.
Housing Prices in Streeterville, IL
How much do homes in Streeterville, IL cost?
Median Sold Price
$473,750
$355/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
Summary: The median home sold price in Streeterville was $473,750 in October 2024, down 3.3% from last year, and the median price per square foot was $355.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $275K | 0.0% |
2 Bedrooms | $530K | $525K | -0.9% |
3 Bedrooms | $982.5K | $995K | +1.3% |
4 Bedrooms | $1.2M | $1.2M | +4.2% |
5+ Bedrooms | $1.8M | $1.4M | -20.0% |
Summary: Streeterville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 20%.
Median Sold Price Compared To Nearby Neighborhoods
Streeterville | $490K | $473.7K | -3.3% |
900-910 Lake Shore Drive Condominium | $340K | $325K | -4.4% |
Magnificent Mile | $540K | $487K | -9.8% |
Housing Supply in Streeterville, IL
How many homes are available in Streeterville, IL?
Number of Homes For Sale
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
371 | 429 | +15.6% |
Summary: The Streeterville real estate market had 429 homes for sale in October 2024, a 15.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 112 | 128 | +14.3% |
2 Bedrooms | 124 | 147 | +18.5% |
3 Bedrooms | 109 | 127 | +16.5% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Streeterville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
44 | 42 | -4.5% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Streeterville in October 2024, down by 4.5% month-over-month. Of the 42 sold homes, 76% were sold under asking, 12% were sold at asking, and 12% 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
Oct 2023 | Oct 2024 | CHANGE |
---|---|---|
48 Days | 47 Days | -3.2% |
Summary: Homes in Streeterville had an average of 47 days on market in Oct 2024, down by 3.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During October 2024, 42 homes were sold in Streeterville; 45% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.