$6,947 Closing Credit*
$585,000
2,496 SqFt
3 Beds
•2 Full Baths
Jaime Watkins, Listing Office: SHAWNEE HILLS REAL ESTATE, LLC
Is Cobden, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Cobden has remained a Neutral Market.
Key Takeaway
Cobden 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 Cobden, IL
How much do homes in Cobden, IL cost?
Median Sold Price
$246,500
$121/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$160,500(+186.6%)
Key Takeaway
Homes in Cobden have sold for 186.6% more than they did a month ago.
Summary: The median home sold price in Cobden was $246,500 in October 2024, up 186.6% from last month, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $48K | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $86K | $445K | +417.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cobden housing prices by bedroom type for October 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 did not change, 4 bedroom homes increased by 417.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cobden | $86K | $246.5K | +186.6% |
| Cobden District 2 | $86K | $48K | -44.2% |
Housing Supply in Cobden, IL
How many homes are available in Cobden, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Summary: The Cobden real estate market had 12 homes for sale in October 2024, a 100.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 3 | 7 | +133.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Cobden 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 133.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cobden, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Cobden in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cobden, IL
How long does it take to sell a home in Cobden, IL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 136 Days | 90 Days | -33.8% |
Summary: Homes in Cobden had an average of 90 days on market in Oct 2024, down by 33.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cobden are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Cobden; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.