Is Hebron, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hebron is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Hebron has remained a Seller's Market.

Key Takeaway

Hebron is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hebron, IL

How much do homes in Hebron, IL cost?

Median Sold Price

$310,000

$136/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$60,000(+24.0%)

Key Takeaway

Homes in Hebron have sold for 24% more than they did a month ago.

Summary: The median home sold price in Hebron was $310,000 in May 2024, up 24% from last month, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $247.5K$298.5K
+20.6%
4 -$310K
N/A
5+ $690K-
N/A

Summary: Hebron housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 20.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Hebron, IL

How many homes are available in Hebron, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
87-12.5%

Summary: The Hebron real estate market had 7 homes for sale in May 2024, a 12.5% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 54
-20.0%
4 11
0.0%
5+ 11
0.0%

Summary: The Hebron 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
330.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hebron, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Hebron in May 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Hebron, IL

How long does it take to sell a home in Hebron, IL?

Average Sale Time

Apr 2024May 2024CHANGE
86 Days7 Days-91.5%

Summary: Homes in Hebron had an average of 7 days on market in May 2024, down by 91.5% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hebron are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 3 homes were sold in Hebron; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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