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 seller's market

Buyer's
Market

Difference Since November 2023

Since last year, United Center has remained a Seller's Market.

Key Takeaway

United Center is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in United Center, IL

How much do homes in United Center, IL cost?

Median Sold Price

$344,500

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$29,500(+9.4%)

Key Takeaway

Homes in United Center have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in United Center was $344,500 in November 2024, up 9.4% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $248.9K$255K
+2.4%
2 $333.6K$330K
-1.1%
3 $404K$397K
-1.7%
4 $500K$495K
-1.0%
5+ $497.5K$840K
+68.8%

Summary: United Center housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 68.8%.

Median Sold Price Compared To Nearby Neighborhoods

United Center
+9.4%
West Town
+5.1%
Little Italy / University Village
0.2%
West Loop
0.2%

Housing Supply in United Center, IL

How many homes are available in United Center, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
42420.0%

Summary: The United Center real estate market had 42 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 45
+25.0%
2 1718
+5.9%
3 109
-10.0%
4 43
-25.0%
5+ 77
0.0%

Summary: The United Center housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were 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. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in United Center in November 2024, up by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% 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

Nov 2023Nov 2024CHANGE
39 Days21 Days-46.2%

Summary: Homes in United Center had an average of 21 days on market in Nov 2024, down by 46.2% compared to last year.

Breakdown of Home Sale Times

6 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 November 2024, 8 homes were sold in United Center; 75% of homes were sold within 30 days, 25% 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 17 Days Ago

Newest Listings in United Center, IL

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