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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Catlin is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Catlin was a Buyer's Market.

Key Takeaway

Catlin is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Catlin, IL

How much do homes in Catlin, IL cost?

Median Sold Price

$145,900

$95/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$3,400(+2.4%)

Key Takeaway

Homes in Catlin have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Catlin was $145,900 in November 2024, up 2.4% from last year, and the median price per square foot was $95.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $62K$110K
+77.4%
3 $146.5K$149.2K
+1.9%
4 $124K$190K
+53.2%
5+ $179.9K$280K
+55.6%

Summary: Catlin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 77.4%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 53.2%, and 5+ bedroom homes increased by 55.6%.

Median Sold Price Compared To Nearby Cities

Catlin
+2.4%
Catlin Township
+1.4%

Housing Supply in Catlin, IL

How many homes are available in Catlin, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
13130.0%

Summary: The Catlin real estate market had 13 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 98
-11.1%
4 33
0.0%
5+ 00
0.0%

Summary: The Catlin 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 increased by 100%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was 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 Catlin, 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 Catlin in November 2024, up by 100.0% 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 Catlin, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
2 Days13 Days+550.0%

Summary: Homes in Catlin had an average of 13 days on market in Nov 2024, up by 550% compared to last year.

Breakdown of Home Sale Times

2 Homes Were 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 Catlin are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Catlin; 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 Catlin, IL

Nearby Markets to Catlin, IL