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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Loda is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Loda has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Loda, IL

How much do homes in Loda, IL cost?

Median Sold Price

$164,900

$117/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$31,600(-16.1%)

Key Takeaway

Homes in Loda have sold for 16.1% less than they did a month ago.

Summary: The median home sold price in Loda was $164,900 in October 2024, down 16.1% from last month, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $297K$168.7K
-43.2%
3 $196.5K$35K
-82.2%
4 $190.5K-
N/A
5+ $249.9K-
N/A

Summary: Loda 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 decreased by 43.2%, 3 bedroom homes decreased by 82.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Loda, IL

How many homes are available in Loda, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2216-27.3%

Summary: The Loda real estate market had 16 homes for sale in October 2024, a 27.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 810
+25.0%
4 83
-62.5%
5+ 21
-50.0%

Summary: The Loda 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 decreased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 62.5%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
93-66.7%

Asking Price vs. Sold Price

3 Homes Were 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 Loda, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Loda in October 2024, down by 66.7% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Loda, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
56 Days36 Days-34.9%

Summary: Homes in Loda had an average of 36 days on market in Oct 2024, down by 34.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 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 Loda has remained consistent over time.

Summary: During October 2024, 3 homes were sold in Loda; 33% of homes were sold within 30 days, 67% 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 Loda, IL

Nearby Markets to Loda, IL