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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Malta is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Malta, IL

How much do homes in Malta, IL cost?

Median Sold Price

$232,000

$155/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in Malta has remained the same since last year.

Summary: The median home sold price in Malta was $232,000 in November 2024, the same as last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $185K$141K
-23.8%
3 $225K$250K
+11.1%
4 $297.5K$290K
-2.5%
5+ $215.8K$185K
-14.3%

Summary: Malta 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 decreased by 23.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 14.3%.

Median Sold Price Compared To Nearby Cities

Malta
0.0%
Malta Township
-0.5%

Housing Supply in Malta, IL

How many homes are available in Malta, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
109-10.0%

Summary: The Malta real estate market had 9 homes for sale in November 2024, a 10.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 21
-50.0%
4 43
-25.0%
5+ 34
+33.3%

Summary: The Malta 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Malta, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Malta in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Malta, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days9 Days-77.2%

Summary: Homes in Malta had an average of 9 days on market in Nov 2024, down by 77.2% compared to last year.

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

Summary: During November 2024, 3 homes were sold in Malta; 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 Malta, IL

Nearby Markets to Malta, IL