$534 Closing Credit*
$45,000
2 Beds
•1 Full Bath
Listing Office: Haldon Burgener Auction & Realty
Is Assumption, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Assumption has remained a Seller's Market.
Key Takeaway
Assumption is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Assumption, IL
How much do homes in Assumption, IL cost?
Median Sold Price
$75,700
$47/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$139,800(-64.9%)
Key Takeaway
Homes in Assumption have sold for 64.9% less than they did a month ago.
Summary: The median home sold price in Assumption was $75,700 in November 2024, down 64.9% from last month, and the median price per square foot was $47.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $95K | $85.4K | -10.1% |
| 3 Bedrooms | - | $66K | N/A |
| 4 Bedrooms | $260K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Assumption housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.1%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Assumption | $215.5K | $75.7K | -64.9% |
| Assumption Township | $215.5K | $75.7K | -64.9% |
| Assumption | $215.5K | $75.7K | -64.9% |
Housing Supply in Assumption, IL
How many homes are available in Assumption, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The Assumption real estate market had 10 homes for sale in November 2024, a 23.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Assumption 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 decreased by 25%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Assumption, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Assumption in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Assumption, IL
How long does it take to sell a home in Assumption, IL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 Days | 17 Days | +556.3% |
Summary: Homes in Assumption had an average of 17 days on market in Nov 2024, up by 556.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Assumption are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Assumption; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
