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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hoopeston is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Hoopeston, IL

How much do homes in Hoopeston, IL cost?

Median Sold Price

$55,000

$32/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$52,500(-48.8%)

Key Takeaway

Homes in Hoopeston have sold for 48.8% less than they did a year ago.

Summary: The median home sold price in Hoopeston was $55,000 in October 2024, down 48.8% from last year, and the median price per square foot was $32.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $55K$29K
-47.3%
3 $95K$92K
-3.2%
4 $286.4K$65K
-77.3%
5+ --
N/A

Summary: Hoopeston 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 47.3%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 77.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Hoopeston
-48.8%
Grant Township
-48.8%

Housing Supply in Hoopeston, IL

How many homes are available in Hoopeston, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
65-16.7%

Summary: The Hoopeston real estate market had 5 homes for sale in October 2024, a 16.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 54
-20.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Hoopeston 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 decreased by 20%, 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

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hoopeston, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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

Days on Market for Hoopeston, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
5 Days162 Days+3140.0%

Summary: Homes in Hoopeston had an average of 162 days on market in Oct 2024, up by 3140% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in Hoopeston; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 4 Days Ago

Newest Listings in Hoopeston, IL

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