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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Goreville is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Goreville was a Seller's Market.

Key Takeaway

Goreville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Goreville, IL

How much do homes in Goreville, IL cost?

Median Sold Price

$415,000

$175/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$68,500(+19.8%)

Key Takeaway

Homes in Goreville have sold for 19.8% more than they did a month ago.

Summary: The median home sold price in Goreville was $415,000 in October 2024, up 19.8% from last month, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$150K
N/A
2 -$415K
N/A
3 $258K-
N/A
4 $460K-
N/A
5+ -$615K
N/A

Summary: Goreville 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.

Housing Supply in Goreville, IL

How many homes are available in Goreville, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2223+4.5%

Summary: The Goreville real estate market had 23 homes for sale in October 2024, a 4.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 79
+28.6%
3 86
-25.0%
4 43
-25.0%
5+ 23
+50.0%

Summary: The Goreville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Goreville, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Goreville in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Goreville, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
68 Days58 Days-14.7%

Summary: Homes in Goreville had an average of 58 days on market in Oct 2024, down by 14.7% compared to last month.

Breakdown of Home Sale Times

0 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 Goreville has remained consistent over time.

Summary: During October 2024, 3 homes were sold in Goreville; 0% of homes were sold within 30 days, 100% 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 20 Days Ago

Newest Listings in Goreville, IL

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