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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Avon is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Avon was a Seller's Market.

Key Takeaway

Avon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Avon, IL

How much do homes in Avon, IL cost?

Median Sold Price

$47,000

$15/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$43,000(-47.8%)

Key Takeaway

Homes in Avon have sold for 47.8% less than they did a month ago.

Summary: The median home sold price in Avon was $47,000 in November 2024, down 47.8% from last month, and the median price per square foot was $15.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $90K$47K
-47.8%
3 $75K-
N/A
4 --
N/A
5+ $105K-
N/A

Summary: Avon 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 47.8%, 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

Union Township
+255.6%
Avon
-47.8%

Housing Supply in Avon, IL

How many homes are available in Avon, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1412-14.3%

Summary: The Avon real estate market had 12 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 77
0.0%
4 23
+50.0%
5+ 10
-100.0%

Summary: The Avon 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was 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 1 homes were sold or pending in Avon in November 2024, down by 66.7% month-over-month. Of the 1 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 2024Nov 2024CHANGE
27 Days175 Days+532.5%

Summary: Homes in Avon had an average of 175 days on market in Nov 2024, up by 532.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Avon are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Avon; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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

Nearby Markets to Avon, IL