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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gillespie is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Gillespie, IL

How much do homes in Gillespie, IL cost?

Median Sold Price

$115,000

$81/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,000(+25.0%)

Key Takeaway

Homes in Gillespie have sold for 25% more than they did a year ago.

Summary: The median home sold price in Gillespie was $115,000 in October 2024, up 25% from last year, and the median price per square foot was $81.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $81.5K$80.5K
-1.2%
3 $113K$133K
+17.7%
4 $170K$119K
-30.0%
5+ $119K$418K
+251.3%

Summary: Gillespie 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 decreased by 1.2%, 3 bedroom homes increased by 17.7%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 251.3%.

Median Sold Price Compared To Nearby Cities

Gillespie
+25.0%
Gillespie Township
+5.0%

Housing Supply in Gillespie, IL

How many homes are available in Gillespie, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1720+17.6%

Summary: The Gillespie real estate market had 20 homes for sale in October 2024, a 17.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 79
+28.6%
3 910
+11.1%
4 00
0.0%
5+ 11
0.0%

Summary: The Gillespie 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 28.6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gillespie, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Gillespie in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.

Days on Market for Gillespie, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days118 Days+483.3%

Summary: Homes in Gillespie had an average of 118 days on market in Oct 2024, up by 483.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Gillespie are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 5 homes were sold in Gillespie; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% 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 20 Days Ago

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MLS Disclaimers and Copyright

Based on information from Mid America Regional Information System for the period 11/01/2022 - 11/01/2024

IDX Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2024 Mid America Regional Information System (MARIS). All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/20/2024, 11:53:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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