$4,619 Closing Credit*
$389,000
2,968 SqFt
3 Beds
•2 Full Baths, 1 Partial
Ruslana Pentek, Listing Office: Leader Realty, Inc.
Is Four Colonies, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Four Colonies has remained a Seller's Market.
Key Takeaway
Four Colonies is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Four Colonies, IL
How much do homes in Four Colonies, IL cost?
Median Sold Price
$354,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$63,000(+21.6%)
Key Takeaway
Homes in Four Colonies have sold for 21.6% more than they did a year ago.
Summary: The median home sold price in Four Colonies was $354,000 in November 2024, up 21.6% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190K | $315.9K | +66.3% |
| 3 Bedrooms | $297.5K | $327.5K | +10.1% |
| 4 Bedrooms | $355.1K | $392.5K | +10.5% |
| 5+ Bedrooms | $440K | $439K | -0.2% |
Summary: Four Colonies 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 66.3%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 0.2%.
Housing Supply in Four Colonies, IL
How many homes are available in Four Colonies, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Summary: The Four Colonies real estate market had 17 homes for sale in November 2024, a 10.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Four Colonies 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 decreased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Four Colonies, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Four Colonies in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Four Colonies, IL
How long does it take to sell a home in Four Colonies, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 33 Days | +113.8% |
Summary: Homes in Four Colonies had an average of 33 days on market in Nov 2024, up by 113.8% 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
Key Takeaway
Many homes in Four Colonies are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Four Colonies; 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.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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