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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Makanda is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Makanda was a Buyer's Market.

Key Takeaway

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

Housing Prices in Makanda, IL

How much do homes in Makanda, IL cost?

Median Sold Price

$25,000

$24/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$255,000(-91.1%)

Key Takeaway

Homes in Makanda have sold for 91.1% less than they did a month ago.

Summary: The median home sold price in Makanda was $25,000 in October 2024, down 91.1% from last month, and the median price per square foot was $24.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$160K
N/A
3 $280K$21.5K
-92.3%
4 --
N/A
5+ --
N/A

Summary: Makanda 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 92.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Makanda, IL

How many homes are available in Makanda, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
990.0%

Summary: The Makanda real estate market had 9 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 44
0.0%
4 11
0.0%
5+ 11
0.0%

Summary: The Makanda 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

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 Makanda, 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 Makanda in October 2024, up by 200.0% 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 Makanda, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
11 Days10 Days-3.0%

Summary: Homes in Makanda had an average of 10 days on market in Oct 2024, down by 3% compared to last month.

Breakdown of Home Sale Times

3 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 Makanda are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Makanda; 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 17 Days Ago

Newest Listings in Makanda, IL

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