March 2024 Market Update

HERE'S YOUR NORTHERN ILLINOIS MARCH 2024 MARKET UPDATE

McHenry County: We saw a 26% increase in number of homes sold month over month, and a 10% increase compared to March 2023.

Lake County: We saw a 25% increase in number of homes sold month over month, and a 13% decrease compared to March 2023.

Cook County: We saw a 31% increase in number of homes sold month over month, and a 16% decrease compared to March 2023.

Rates are still hovering around 7%, but that's not keeping buyers from house hunting. Showings per listing are up between 25% and 44% across the area and market time has seen its most drastic dip since Spring of last year. Months supply remains under 2 months on average which means we are still well within a seller's market. Of course, price point, area and condition are all important factors that impact these numbers, but the market remains strong in Northern Illinois.

*Data provided by MRED (Midwest Real Estate Data) MLS

Looking to buy a home in the Northwest Suburbs of Chicago? Search thousands of homes free at: https://www.dealwithdecker.com/​​
Looking to sell your home? Find out what is worth at: https://www.dealwithdecker.com/sellers/free-market-analysis/​​
Decker Group | brokered by eXp Realty
Phone: 815-353-0343
Email: [email protected]
https://www.dealwithdecker.com/​​
10 N Martingale Rd #400
Schaumburg, IL 60173

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