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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Maquon is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Maquon, IL

How much do homes in Maquon, IL cost?

Median Sold Price

$30,000

$34/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$40,000(-57.1%)

Key Takeaway

Homes in Maquon have sold for 57.1% less than they did a month ago.

Summary: The median home sold price in Maquon was $30,000 in November 2024, down 57.1% from last month, and the median price per square foot was $34.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $35K-
N/A
2 -$30K
N/A
3 $92.5K-
N/A
4 --
N/A
5+ --
N/A

Summary: Maquon housing prices by bedroom type for November 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Maquon
-57.1%
Maquon Township
-57.1%

Housing Supply in Maquon, IL

How many homes are available in Maquon, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
41-75.0%

Summary: The Maquon real estate market had 1 homes for sale in November 2024, a 75.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 11
0.0%
3 20
-100.0%
4 00
0.0%
5+ 00
0.0%

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

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was 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 Maquon, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Maquon in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Maquon, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
67 Days26 Days-61.6%

Summary: Homes in Maquon had an average of 26 days on market in Nov 2024, down by 61.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Maquon are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Maquon; 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

Newest Listings in Maquon, IL