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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clearing is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Clearing, IL

How much do homes in Clearing, IL cost?

Median Sold Price

$299,900

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$9,900(+3.4%)

Key Takeaway

Homes in Clearing have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Clearing was $299,900 in December 2024, up 3.4% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $119.9K$120K
0.1%
2 $194K$219.9K
+13.4%
3 $307K$322.7K
+5.1%
4 $332.6K$320K
-3.8%
5+ $435K$455K
+4.6%

Summary: Clearing housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 4.6%.

Median Sold Price Compared To Nearby Neighborhoods

West Lawn
+18.9%
Garfield Ridge
+9.5%
Clearing
+3.4%

Housing Supply in Clearing, IL

How many homes are available in Clearing, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6061+1.7%

Summary: The Clearing real estate market had 61 homes for sale in December 2024, a 1.7% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 12
+100.0%
2 2121
0.0%
3 2523
-8.0%
4 89
+12.5%
5+ 56
+20.0%

Summary: The Clearing housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1617+6.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clearing, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in Clearing in December 2024, up by 6.3% month-over-month. Of the 17 sold homes, 35% were sold under asking, 24% were sold at asking, and 41% were sold over asking.

Days on Market for Clearing, IL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
34 Days21 Days-37.1%

Summary: Homes in Clearing had an average of 21 days on market in Dec 2024, down by 37.1% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 17 homes were sold in Clearing; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% 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 6 Days Ago

Newest Listings in Clearing, IL

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