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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Diamond is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Diamond was a Neutral Market.

Key Takeaway

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

Housing Prices in Diamond, IL

How much do homes in Diamond, IL cost?

Median Sold Price

$275,450

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,950(+11.3%)

Key Takeaway

Homes in Diamond have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in Diamond was $275,450 in October 2024, up 11.3% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $220K$245K
+11.4%
3 $240K$268.7K
+12.0%
4 $372K$365K
-1.9%
5+ -$310K
N/A

Summary: Diamond housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Braidwood
+13.0%
Diamond
+11.3%
Reed Township
+9.4%
Felix Township
+6.0%
Coal City
0.0%

Housing Supply in Diamond, IL

How many homes are available in Diamond, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
711+57.1%

Summary: The Diamond real estate market had 11 homes for sale in October 2024, a 57.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 34
+33.3%
4 02
+100.0%
5+ 11
0.0%

Summary: The Diamond 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 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Diamond, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Diamond in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Diamond, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
5 Days12 Days+140.0%

Summary: Homes in Diamond had an average of 12 days on market in Oct 2024, up by 140% 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 Diamond are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Diamond; 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 16 Days Ago

Newest Listings in Diamond, IL

Nearby Markets to Diamond, IL

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