$914 Closing Credit*
$77,000
2,009 SqFt
3 Beds
•1 Full Bath
Ben Lavicka, Listing Office: Keller Williams Greater Quad Cities / Midwest Partners
Is Aledo, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Aledo has remained a Seller's Market.
Key Takeaway
Aledo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Aledo, IL
How much do homes in Aledo, IL cost?
Median Sold Price
$120,000
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,050(+8.2%)
Key Takeaway
Homes in Aledo have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Aledo was $120,000 in October 2024, up 8.2% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55.9K | $25K | -55.3% |
| 2 Bedrooms | $80K | $85K | +6.3% |
| 3 Bedrooms | $124.7K | $139.9K | +12.1% |
| 4 Bedrooms | $173K | $176.5K | +2.0% |
| 5+ Bedrooms | $204.9K | $132.5K | -35.4% |
Summary: Aledo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 35.4%.
Median Sold Price Compared To Nearby Cities
| Mercer Township | $93.3K | $117K | +25.5% |
| Aledo | $110.9K | $120K | +8.2% |
Housing Supply in Aledo, IL
How many homes are available in Aledo, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Summary: The Aledo real estate market had 29 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Aledo housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Aledo, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Aledo in October 2024, up by 100.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Aledo, IL
How long does it take to sell a home in Aledo, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 41 Days | +422.5% |
Summary: Homes in Aledo had an average of 41 days on market in Oct 2024, up by 422.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Aledo are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Aledo; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.