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 October 2023

At the same time last year, Streeterville was a Neutral 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

$473,750

$355/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$16,250(-3.3%)

Key Takeaway

Homes in Streeterville have sold for 3.3% less than they did a year ago.

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

# BEDSOct 2023Oct 2024CHANGE
1 $275K$275K
0.0%
2 $530K$525K
-0.9%
3 $982.5K$995K
+1.3%
4 $1.2M$1.2M
+4.2%
5+ $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
-3.3%
900-910 Lake Shore Drive Condominium
-4.4%
Magnificent Mile
-9.8%

Housing Supply in Streeterville, IL

How many homes are available in Streeterville, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
371429+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

# BEDSSep 2024Oct 2024CHANGE
1 112128
+14.3%
2 124147
+18.5%
3 109127
+16.5%
4 1618
+12.5%
5+ 109
-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 2024Oct 2024CHANGE
4442-4.5%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Streeterville, you may be able to get a good deal. 76.2% of homes here sold below asking price last month.

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 2023Oct 2024CHANGE
48 Days47 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Streeterville, IL

Nearby Markets to Streeterville, IL