Is Mc Lean, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mc Lean is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Mc Lean, IL

How much do homes in Mc Lean, IL cost?

Median Sold Price

$165,000

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,750(+17.6%)

Key Takeaway

Homes in Mc Lean have sold for 17.6% more than they did a year ago.

Summary: The median home sold price in Mc Lean was $165,000 in November 2024, up 17.6% from last year, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $165K$109.9K
-33.4%
2 $132.5K$106K
-20.0%
3 $152K$182K
+19.7%
4 $125K$182.7K
+46.2%
5+ $167.5K$265.5K
+58.5%

Summary: Mc Lean housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.4%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes increased by 58.5%.

Median Sold Price Compared To Nearby Cities

Mount Hope Township
+24.5%
Mc Lean
+17.6%

Housing Supply in Mc Lean, IL

How many homes are available in Mc Lean, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
34+33.3%

Summary: The Mc Lean real estate market had 4 homes for sale in November 2024, a 33.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 23
+50.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Mc Lean 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 increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
01+100.0%

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 Mc Lean, 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 Mc Lean in November 2024, up by 100.0% 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 Mc Lean, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days23 Days-17.9%

Summary: Homes in Mc Lean had an average of 23 days on market in Nov 2024, down by 17.9% compared to last year.

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

Summary: During November 2024, 1 homes were sold in Mc Lean; 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 Mc Lean, IL

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