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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hinckley is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Hinckley was a Seller's Market.

Key Takeaway

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

Housing Prices in Hinckley, IL

How much do homes in Hinckley, IL cost?

Median Sold Price

$239,000

$178/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$142,750(-37.4%)

Key Takeaway

Homes in Hinckley have sold for 37.4% less than they did a month ago.

Summary: The median home sold price in Hinckley was $239,000 in October 2024, down 37.4% from last month, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $381.7K$239K
-37.4%
4 --
N/A
5+ --
N/A

Summary: Hinckley 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 decreased by 37.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Hinckley, IL

How many homes are available in Hinckley, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
914+55.6%

Summary: The Hinckley real estate market had 14 homes for sale in October 2024, a 55.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 510
+100.0%
4 44
0.0%
5+ 00
0.0%

Summary: The Hinckley 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 increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 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 Hinckley, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Hinckley in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Hinckley, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
25 Days5 Days-80.4%

Summary: Homes in Hinckley had an average of 5 days on market in Oct 2024, down by 80.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in Hinckley; 100% of homes were sold within 30 days, 0% 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 16 Days Ago

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