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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hinckley is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Hinckley has remained a Seller's Market.

Key Takeaway

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

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

+$52,500(+19.4%)

Key Takeaway

Homes in Hinckley have sold for 19.4% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 --
N/A
3 $255.5K$305K
+19.4%
4 $350.5K$360K
+2.7%
5+ $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
+19.4%
Squaw Grove Township
+17.4%

Housing Supply in Hinckley, IL

How many homes are available in Hinckley, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1315+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 88
0.0%
4 55
0.0%
5+ 01
+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 2024May 2024CHANGE
34+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hinckley, you could pay more than the asking price. 75% of homes here sold above asking price last month.

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 2023May 2024CHANGE
43 Days5 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 8 Days Ago

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