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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ivanhoe is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Ivanhoe was a Seller's Market.

Key Takeaway

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

Housing Prices in Ivanhoe, IL

How much do homes in Ivanhoe, IL cost?

Median Sold Price

$140,000

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+16.7%)

Key Takeaway

Homes in Ivanhoe have sold for 16.7% more than they did a year ago.

Summary: The median home sold price in Ivanhoe was $140,000 in November 2024, up 16.7% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $110K$125K
+13.6%
3 $132K$140K
+6.0%
4 $134K$150K
+11.9%
5+ $182K-
N/A

Summary: Ivanhoe housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes did not change.

Housing Supply in Ivanhoe, IL

How many homes are available in Ivanhoe, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
38380.0%

Summary: The Ivanhoe real estate market had 38 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 108
-20.0%
3 2422
-8.3%
4 47
+75.0%
5+ 01
+100.0%

Summary: The Ivanhoe housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ivanhoe, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Ivanhoe in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.

Days on Market for Ivanhoe, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
110 Days14 Days-86.9%

Summary: Homes in Ivanhoe had an average of 14 days on market in Nov 2024, down by 86.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were 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 Ivanhoe are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Ivanhoe; 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 2 Days Ago

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