Is Hinckley, 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, Hinckley has remained a Seller's Market.
Housing Prices in Hinckley, IL
How much do homes in Hinckley, IL cost?
Median Sold Price
$323,250
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hinckley was $323,250 in May 2024, up 19.4% 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 | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $255.5K | $305K | +19.4% |
4 Bedrooms | $350.5K | $360K | +2.7% |
5+ Bedrooms | $279K | $315K | +12.9% |
Summary: Hinckley 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 did not change, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Cities
Hinckley | $270.7K | $323.2K | +19.4% |
Squaw Grove Township | $272.5K | $320K | +17.4% |
Housing Supply in Hinckley, IL
How many homes are available in Hinckley, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Summary: The Hinckley real estate market had 15 homes for sale in May 2024, a 15.4% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Hinckley 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Hinckley in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Hinckley, IL
How long does it take to sell a home in Hinckley, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 5 Days | -88.5% |
Summary: Homes in Hinckley had an average of 5 days on market in May 2024, down by 88.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Hinckley; 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.