Is Coal City, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coal City is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Coal City, IL

How much do homes in Coal City, IL cost?

Median Sold Price

$255,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50(0.0%)

Key Takeaway

The sold price of homes in Coal City has remained the same since last year.

Summary: The median home sold price in Coal City was $255,000 in October 2024, the same as last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $89.9K$75K
-16.6%
2 $170.2K$180K
+5.7%
3 $246.2K$265K
+7.6%
4 $335K$345K
+3.0%
5+ $367.5K$460K
+25.2%

Summary: Coal City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.6%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 25.2%.

Median Sold Price Compared To Nearby Cities

Diamond
+11.3%
Felix Township
+6.0%
Coal City
0.0%
Braceville Township
-2.3%

Housing Supply in Coal City, IL

How many homes are available in Coal City, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2427+12.5%

Summary: The Coal City real estate market had 27 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 1416
+14.3%
4 57
+40.0%
5+ 11
0.0%

Summary: The Coal City 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 decreased by 25%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
106-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coal City, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Coal City in October 2024, down by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Coal City, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days30 Days+110.5%

Summary: Homes in Coal City had an average of 30 days on market in Oct 2024, up by 110.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 homes were sold in Coal City; 50% of homes were sold within 30 days, 50% 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 16 Days Ago

Newest Listings in Coal City, IL

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