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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Limestone is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Limestone, IL

How much do homes in Limestone, IL cost?

Median Sold Price

$243,566

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$49,566(+25.5%)

Key Takeaway

Homes in Limestone have sold for 25.5% more than they did a year ago.

Summary: The median home sold price in Limestone was $243,566 in September 2024, up 25.5% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $172.7K$129.8K
-24.8%
3 $191.5K$250K
+30.5%
4 $285K$253.5K
-11.0%
5+ $275K$395K
+43.6%

Summary: Limestone housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.8%, 3 bedroom homes increased by 30.5%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes increased by 43.6%.

Median Sold Price Compared To Nearby Cities

Limestone
+25.5%
Limestone Township
+2.5%

Housing Supply in Limestone, IL

How many homes are available in Limestone, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
32-33.3%

Summary: The Limestone real estate market had 2 homes for sale in September 2024, a 33.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Limestone housing inventory by bedroom type for September 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Limestone, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Limestone in September 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Limestone, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
244 Days6 Days-97.3%

Summary: Homes in Limestone had an average of 6 days on market in Sep 2024, down by 97.3% compared to last year.

Breakdown of Home Sale Times

2 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 Limestone are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 2 homes were sold in Limestone; 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 29 Days Ago

Newest Listings in Limestone, IL

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