Is United Center, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing United Center is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in United Center, IL

How much do homes in United Center, IL cost?

Median Sold Price

$339,375

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$32,375(+10.5%)

Key Takeaway

Homes in United Center have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in United Center was $339,375 in October 2024, up 10.5% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $249.9K$255K
+2.0%
2 $315K$333.6K
+5.9%
3 $404K$393K
-2.7%
4 $500K$495K
-1.0%
5+ $470K$955K
+103.2%

Summary: United Center housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 103.2%.

Median Sold Price Compared To Nearby Neighborhoods

United Center
+10.5%
West Town
+6.8%
West Loop
+3.6%
Little Italy / University Village
0.4%

Housing Supply in United Center, IL

How many homes are available in United Center, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3845+18.4%

Summary: The United Center real estate market had 45 homes for sale in October 2024, a 18.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 35
+66.7%
2 1618
+12.5%
3 910
+11.1%
4 54
-20.0%
5+ 58
+60.0%

Summary: The United Center housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in United Center, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in United Center in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for United Center, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
60 Days26 Days-56.5%

Summary: Homes in United Center had an average of 26 days on market in Oct 2024, down by 56.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 homes were sold in United Center; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 14 Days Ago

Newest Listings in United Center, IL

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