Is Four Colonies, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Four Colonies is a seller's market

Buyer's
Market

Difference Since September 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

$355,100

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$73,850(+26.3%)

Key Takeaway

Homes in Four Colonies have sold for 26.3% more than they did a year ago.

Summary: The median home sold price in Four Colonies was $355,100 in September 2024, up 26.3% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $185K$291K
+57.3%
3 $287.5K$327.5K
+13.9%
4 $332.5K$390K
+17.3%
5+ $400K$439K
+9.8%

Summary: Four Colonies housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 57.3%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 9.8%.

Housing Supply in Four Colonies, IL

How many homes are available in Four Colonies, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2326+13.0%

Summary: The Four Colonies real estate market had 26 homes for sale in September 2024, a 13.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 47
+75.0%
3 77
0.0%
4 1212
0.0%
5+ 00
0.0%

Summary: The Four Colonies housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
612+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Four Colonies, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.

Summary: A total of 12 homes were sold or pending in Four Colonies in September 2024, up by 100.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 42% were sold at asking, and 25% 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

Sep 2023Sep 2024CHANGE
17 Days9 Days-48.4%

Summary: Homes in Four Colonies had an average of 9 days on market in Sep 2024, down by 48.4% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 12 homes were sold in Four Colonies; 92% of homes were sold within 30 days, 8% 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 17 Days Ago

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