$3,438 Closing Credit*
$289,500
1,356 SqFt
3 Beds
•2 Full Baths
Marty I Cohen, Listing Office: BHHS Ambassador Real Estate
Is Chicago, NE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Chicago has remained a Seller's Market.
Key Takeaway
Chicago is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chicago, NE
How much do homes in Chicago, NE cost?
Median Sold Price
$490,000
$176/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$44,000(+9.9%)
Key Takeaway
Homes in Chicago have sold for 9.9% more than they did a month ago.
Summary: The median home sold price in Chicago was $490,000 in October 2024, up 9.9% from last month, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $322.5K | $308.5K | -4.4% |
| 3 Bedrooms | $382.1K | $313.5K | -18.0% |
| 4 Bedrooms | $567.5K | $490K | -13.7% |
| 5+ Bedrooms | $649K | $656K | +1.1% |
Summary: Chicago housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 18%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Chicago | $446K | $490K | +9.9% |
| McArdle | $317.5K | $345K | +8.7% |
| Omaha | $290.6K | $290K | -0.2% |
| Millard | $378.5K | $331.4K | -12.4% |
| Richland VII | $436.1K | $380K | -12.9% |
Housing Supply in Chicago, NE
How many homes are available in Chicago, NE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 338 | 359 | +6.2% |
Summary: The Chicago real estate market had 359 homes for sale in October 2024, a 6.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 26 | 27 | +3.8% |
| 3 Bedrooms | 96 | 88 | -8.3% |
| 4 Bedrooms | 116 | 125 | +7.8% |
| 5+ Bedrooms | 100 | 119 | +19.0% |
Summary: The Chicago housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 72 | +14.3% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chicago, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in Chicago in October 2024, up by 14.3% month-over-month. Of the 69 sold homes, 46% were sold under asking, 39% were sold at asking, and 14% were sold over asking.
Days on Market for Chicago, NE
How long does it take to sell a home in Chicago, NE?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 22 Days | -31.5% |
Summary: Homes in Chicago had an average of 22 days on market in Oct 2024, down by 31.5% compared to last month.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chicago are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 72 homes were sold in Chicago; 72% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.