Is Norridge, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Norridge has remained a Seller's Market.
Housing Prices in Norridge, IL
How much do homes in Norridge, IL cost?
Median Sold Price
$370,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Norridge was $370,000 in April 2024, up 5.7% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $178.2K | +4.9% |
2 Bedrooms | $292.9K | $319K | +8.9% |
3 Bedrooms | $363K | $375K | +3.3% |
4 Bedrooms | $445K | $470K | +5.6% |
5+ Bedrooms | $562.5K | $690K | +22.7% |
Summary: Norridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 22.7%.
Median Sold Price Compared To Nearby Cities
Leyden Township | $280K | $304.9K | +8.9% |
Norwood Park Township | $360K | $390K | +8.3% |
Norridge | $350K | $370K | +5.7% |
Chicago | $341.7K | $349K | +2.1% |
Harwood Heights | $330K | $330K | 0.0% |
Housing Supply in Norridge, IL
How many homes are available in Norridge, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 52 | +13.0% |
Summary: The Norridge real estate market had 52 homes for sale in April 2024, a 13.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 24 | 28 | +16.7% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Norridge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Norridge in April 2024, the same as the previous month. Of the 13 sold homes, 54% were sold under asking, 8% were sold at asking, and 38% were sold over asking.
Days on Market for Norridge, IL
How long does it take to sell a home in Norridge, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 16 Days | -39.4% |
Summary: Homes in Norridge had an average of 16 days on market in Apr 2024, down by 39.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Norridge; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.