Is Beach Park, 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, Beach Park has remained a Seller's Market.
Housing Prices in Beach Park, IL
How much do homes in Beach Park, IL cost?
Median Sold Price
$248,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Beach Park was $248,000 in May 2024, up 1.2% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $100K | -39.4% |
2 Bedrooms | $182.5K | $206K | +12.9% |
3 Bedrooms | $244.4K | $250K | +2.3% |
4 Bedrooms | $301.9K | $320K | +6.0% |
5+ Bedrooms | $313K | $270.9K | -13.5% |
Summary: Beach Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.4%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 13.5%.
Median Sold Price Compared To Nearby Cities
Zion Township | $185K | $218.2K | +17.9% |
Zion | $185K | $218.2K | +17.9% |
Waukegan | $200K | $224.9K | +12.5% |
Beach Park | $245K | $248K | +1.2% |
Benton Township | $237K | $208K | -12.2% |
Housing Supply in Beach Park, IL
How many homes are available in Beach Park, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 50 | +25.0% |
Summary: The Beach Park real estate market had 50 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 10 | -23.1% |
3 Bedrooms | 16 | 26 | +62.5% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Beach Park 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 decreased by 23.1%, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 13 | +18.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Beach Park in May 2024, up by 18.2% month-over-month. Of the 13 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.
Days on Market for Beach Park, IL
How long does it take to sell a home in Beach Park, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 30 Days | +41.8% |
Summary: Homes in Beach Park had an average of 30 days on market in May 2024, up by 41.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Beach Park; 85% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.