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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Altamont is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Altamont was a Buyer's Market.

Key Takeaway

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

Housing Prices in Altamont, IL

How much do homes in Altamont, IL cost?

Median Sold Price

$144,000

$84/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$4,250(+3.0%)

Key Takeaway

Homes in Altamont have sold for 3% more than they did a year ago.

Summary: The median home sold price in Altamont was $144,000 in November 2024, up 3% from last year, and the median price per square foot was $84.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $149K-
N/A
2 $110.5K$105K
-5.0%
3 $135K$179K
+32.6%
4 $185K$135K
-27.0%
5+ $300K$720K
+140.0%

Summary: Altamont housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 32.6%, 4 bedroom homes decreased by 27%, and 5+ bedroom homes increased by 140%.

Median Sold Price Compared To Nearby Cities

Mound Township
+12.3%
Altamont
+3.0%

Housing Supply in Altamont, IL

How many homes are available in Altamont, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1923+21.1%

Summary: The Altamont real estate market had 23 homes for sale in November 2024, a 21.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1013
+30.0%
4 44
0.0%
5+ 33
0.0%

Summary: The Altamont housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
16+500.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Altamont, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Altamont in November 2024, up by 500.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Altamont, IL

How long does it take to sell a home in Altamont, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
2 Days69 Days+3358.3%

Summary: Homes in Altamont had an average of 69 days on market in Nov 2024, up by 3358.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Altamont; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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 22 Days Ago

Newest Listings in Altamont, IL

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