Is Carbon Cliff, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carbon Cliff is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Carbon Cliff has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Carbon Cliff, IL

How much do homes in Carbon Cliff, IL cost?

Median Sold Price

$138,000

$112/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$94,250(-40.6%)

Key Takeaway

Homes in Carbon Cliff have sold for 40.6% less than they did a month ago.

Summary: The median home sold price in Carbon Cliff was $138,000 in November 2024, down 40.6% from last month, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$105K
N/A
3 $232.2K$138K
-40.6%
4 -$180K
N/A
5+ --
N/A

Summary: Carbon Cliff 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 did not change, 3 bedroom homes decreased by 40.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Carbon Cliff, IL

How many homes are available in Carbon Cliff, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
86-25.0%

Summary: The Carbon Cliff real estate market had 6 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 31
-66.7%
4 11
0.0%
5+ 00
0.0%

Summary: The Carbon Cliff 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 remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 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 Carbon Cliff, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Carbon Cliff in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Carbon Cliff, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
179 Days26 Days-85.5%

Summary: Homes in Carbon Cliff had an average of 26 days on market in Nov 2024, down by 85.5% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Carbon Cliff; 67% of homes were sold within 30 days, 33% 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 22 Days Ago

Newest Listings in Carbon Cliff, IL

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