$2,791 Closing Credit*
$235,000
2,394 SqFt
3 Beds
•2 Full Baths, 1 Partial
Marissa Meyer, Listing Office: Platinum Key Real Estate, LLC
Housing Prices in Gerlaw, IL
How much do homes in Gerlaw, IL cost?
Median List Price
$235,000
$98/sqft
Based on all homes listed in October 2024.
Difference Since Last Month
-$107,500(-31.4%)
Key Takeaway
The list price of homes in Gerlaw has decreased by 31.4% since September.
Summary: The median home list price in Gerlaw was $235,000 in October 2024, down 31.4% from the previous month, and the median price per square foot was $98.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $235K | $235K | 0.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $450K | - | N/A |
Summary: Gerlaw 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 did not change, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Kelly Township | $134.9K | $192.4K | +42.6% |
| Gerlaw | $342.5K | $235K | -31.4% |
Housing Supply in Gerlaw, IL
How many homes are available in Gerlaw, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Summary: The Gerlaw real estate market had 1 homes for sale in October 2024, a 50.0% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Gerlaw 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Days on Market for Gerlaw, IL
How long does it take to sell a home in Gerlaw, IL?
Average Listing Age
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 Days | 70 Days | -7.9% |
Summary: Homes in Gerlaw had an average listing age of 70 days in Oct 2024, down by 7.9% compared to the previous month.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.