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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Avon is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Avon has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Avon, IL

How much do homes in Avon, IL cost?

Median Sold Price

$140,000

$75/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$90,000(-39.1%)

Key Takeaway

Homes in Avon have sold for 39.1% less than they did a year ago.

Summary: The median home sold price in Avon was $140,000 in October 2024, down 39.1% from last year, and the median price per square foot was $75.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $85K$85K
0.0%
3 $72K$185K
+156.9%
4 $327.5K$179.7K
-45.1%
5+ $390K$66.2K
-83.0%

Summary: Avon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 156.9%, 4 bedroom homes decreased by 45.1%, and 5+ bedroom homes decreased by 83%.

Housing Supply in Avon, IL

How many homes are available in Avon, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1314+7.7%

Summary: The Avon real estate market had 14 homes for sale in October 2024, a 7.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 67
+16.7%
4 22
0.0%
5+ 11
0.0%

Summary: The Avon 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Avon, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Avon in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Avon, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
210 Days27 Days-86.8%

Summary: Homes in Avon had an average of 27 days on market in Oct 2024, down by 86.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 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 Avon has remained consistent over time.

Summary: During October 2024, 3 homes were sold in Avon; 33% of homes were sold within 30 days, 67% 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 21 Days Ago

Newest Listings in Avon, IL

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