Is Wicker Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wicker Park is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Wicker Park has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Wicker Park, IL

How much do homes in Wicker Park, IL cost?

Median Sold Price

$638,000

$352/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$40,525(+6.8%)

Key Takeaway

Homes in Wicker Park have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Wicker Park was $638,000 in November 2024, up 6.8% from last year, and the median price per square foot was $352.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $350K$351K
0.3%
2 $470K$495K
+5.3%
3 $684.5K$729K
+6.5%
4 $952.5K$1.0M
+13.4%
5+ $1.2M$1.2M
+8.0%

Summary: Wicker Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 8%.

Housing Supply in Wicker Park, IL

How many homes are available in Wicker Park, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10697-8.5%

Summary: The Wicker Park real estate market had 97 homes for sale in November 2024, a 8.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 53
-40.0%
2 3541
+17.1%
3 4033
-17.5%
4 64
-33.3%
5+ 2016
-20.0%

Summary: The Wicker Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 17.1%, 3 bedroom homes decreased by 17.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2820-28.6%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wicker Park, you may be able to get a good deal. 55% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Wicker Park in November 2024, down by 28.6% month-over-month. Of the 20 sold homes, 55% were sold under asking, 10% were sold at asking, and 35% were sold over asking.

Days on Market for Wicker Park, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days25 Days-20.0%

Summary: Homes in Wicker Park had an average of 25 days on market in Nov 2024, down by 20% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 20 homes were sold in Wicker Park; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% 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

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