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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Freeburg is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Freeburg, IL

How much do homes in Freeburg, IL cost?

Median Sold Price

$265,000

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+3.9%)

Key Takeaway

Homes in Freeburg have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Freeburg was $265,000 in October 2024, up 3.9% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $106.4K$225K
+111.4%
3 $260K$250K
-3.8%
4 $372.5K$422.5K
+13.4%
5+ $427.4K$453.7K
+6.2%

Summary: Freeburg 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 111.4%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 6.2%.

Median Sold Price Compared To Nearby Cities

Shiloh Valley Township
+9.9%
Smithton Township
+9.3%
Belleville Township
+9.3%
Freeburg Township
+7.3%
Freeburg
+3.9%

Housing Supply in Freeburg, IL

How many homes are available in Freeburg, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2024+20.0%

Summary: The Freeburg real estate market had 24 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1113
+18.2%
4 32
-33.3%
5+ 35
+66.7%

Summary: The Freeburg 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 18.2%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Freeburg, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Freeburg in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Freeburg, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
66 Days30 Days-54.8%

Summary: Homes in Freeburg had an average of 30 days on market in Oct 2024, down by 54.8% compared to last year.

Breakdown of Home Sale Times

2 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

Avg time on Rocket Homes in Freeburg has remained consistent over time.

Summary: During October 2024, 5 homes were sold in Freeburg; 40% of homes were sold within 30 days, 60% 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

Newest Listings in Freeburg, IL

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