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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pinckneyville is a seller's market

Buyer's
Market

Difference Since September 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

$99,900

$70/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$65,900(-39.7%)

Key Takeaway

Homes in Pinckneyville have sold for 39.7% less than they did a year ago.

Summary: The median home sold price in Pinckneyville was $99,900 in September 2024, down 39.7% from last year, and the median price per square foot was $70.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $32.4K$46K
+41.8%
2 $79.9K$65K
-18.6%
3 $152.4K$129.2K
-15.2%
4 $230K$152.5K
-33.7%
5+ $349.9K$208K
-40.6%

Summary: Pinckneyville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.8%, 2 bedroom homes decreased by 18.6%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes decreased by 33.7%, and 5+ bedroom homes decreased by 40.6%.

Housing Supply in Pinckneyville, IL

How many homes are available in Pinckneyville, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2225+13.6%

Summary: The Pinckneyville real estate market had 25 homes for sale in September 2024, a 13.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 910
+11.1%
3 1011
+10.0%
4 33
0.0%
5+ 01
+100.0%

Summary: The Pinckneyville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
18+700.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pinckneyville, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Pinckneyville in September 2024, up by 700.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% 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

Sep 2023Sep 2024CHANGE
41 Days37 Days-9.9%

Summary: Homes in Pinckneyville had an average of 37 days on market in Sep 2024, down by 9.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pinckneyville has remained consistent over time.

Summary: During September 2024, 8 homes were sold in Pinckneyville; 38% of homes were sold within 30 days, 63% 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 30 Days Ago

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