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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burnside is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Burnside was a Seller's Market.

Key Takeaway

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

Housing Prices in Burnside, IL

How much do homes in Burnside, IL cost?

Median Sold Price

$185,000

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$70,000(+60.9%)

Key Takeaway

Homes in Burnside have sold for 60.9% more than they did a year ago.

Summary: The median home sold price in Burnside was $185,000 in October 2024, up 60.9% from last year, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $100K$182K
+82.0%
3 $142.5K$155K
+8.8%
4 $153K$195K
+27.5%
5+ -$143.5K
N/A

Summary: Burnside 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 increased by 82%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Burnside
+60.9%
Avalon Park
+23.0%
Chatham
+10.0%
Calumet Heights
+2.2%

Housing Supply in Burnside, IL

How many homes are available in Burnside, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1324+84.6%

Summary: The Burnside real estate market had 24 homes for sale in October 2024, a 84.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 713
+85.7%
4 36
+100.0%
5+ 23
+50.0%

Summary: The Burnside 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 increased by 100%, 3 bedroom homes increased by 85.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burnside, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Burnside in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Burnside, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
8 Days8 Days-5.9%

Summary: Homes in Burnside had an average of 8 days on market in Oct 2024, down by 5.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in Burnside; 100% of homes were sold within 30 days, 0% 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 Burnside, IL

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