Is Pinckneyville, 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, Pinckneyville has remained a Seller's Market.
Key Takeaway
Pinckneyville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pinckneyville, IL
How much do homes in Pinckneyville, IL cost?
Median Sold Price
$125,000
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pinckneyville have sold for 7.4% less than they did a year ago.
Summary: The median home sold price in Pinckneyville was $125,000 in May 2024, down 7.4% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $32.4K | $46K | +41.8% |
| 2 Bedrooms | $64.5K | $81K | +25.6% |
| 3 Bedrooms | $158.9K | $146.7K | -7.7% |
| 4 Bedrooms | $164.4K | $230K | +39.9% |
| 5+ Bedrooms | - | $278.9K | N/A |
Summary: Pinckneyville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.8%, 2 bedroom homes increased by 25.6%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 39.9%, and 5+ bedroom homes did not change.
Housing Supply in Pinckneyville, IL
How many homes are available in Pinckneyville, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Summary: The Pinckneyville real estate market had 21 homes for sale in May 2024, a 12.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Pinckneyville 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 decreased by 25%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pinckneyville, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Pinckneyville in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Pinckneyville, IL
How long does it take to sell a home in Pinckneyville, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 93 Days | +146.8% |
Summary: Homes in Pinckneyville had an average of 93 days on market in May 2024, up by 146.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pinckneyville has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Pinckneyville; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.