Is Lincolnwood, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lincolnwood has remained a Seller's Market.
Housing Prices in Lincolnwood, IL
How much do homes in Lincolnwood, IL cost?
Median Sold Price
$524,999
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lincolnwood was $524,999 in May 2024, up 11.8% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $217.5K | N/A |
2 Bedrooms | $260K | $328.7K | +26.4% |
3 Bedrooms | $407K | $483K | +18.7% |
4 Bedrooms | $565K | $692.4K | +22.6% |
5+ Bedrooms | $890.5K | $1.2M | +35.9% |
Summary: Lincolnwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.4%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes increased by 35.9%.
Median Sold Price Compared To Nearby Cities
Lincolnwood | $469.7K | $524.9K | +11.8% |
Skokie | $370K | $389.9K | +5.4% |
Niles Township | $370K | $389.3K | +5.2% |
Chicago | $339.3K | $349.9K | +3.1% |
Housing Supply in Lincolnwood, IL
How many homes are available in Lincolnwood, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 47 | +30.6% |
Summary: The Lincolnwood real estate market had 47 homes for sale in May 2024, a 30.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 21 | 25 | +19.0% |
4 Bedrooms | 5 | 9 | +80.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Lincolnwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 80%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 14 | +75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Lincolnwood in May 2024, up by 75.0% month-over-month. Of the 14 sold homes, 21% were sold under asking, 29% were sold at asking, and 50% were sold over asking.
Days on Market for Lincolnwood, IL
How long does it take to sell a home in Lincolnwood, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 14 Days | -33.1% |
Summary: Homes in Lincolnwood had an average of 14 days on market in May 2024, down by 33.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Lincolnwood; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.