$3,266 Closing Credit*
$275,000
3,874 SqFt
3 Beds
•2 Full Baths, 2 Partial
Zachary Oyler, Listing Office: Keller Williams Premier Realty
Is Metamora, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Metamora has remained a Seller's Market.
Key Takeaway
Metamora is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Metamora, IL
How much do homes in Metamora, IL cost?
Median Sold Price
$255,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,950(-1.1%)
Key Takeaway
Homes in Metamora have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Metamora was $255,000 in October 2024, down 1.1% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $177K | +1.1% |
| 3 Bedrooms | $210K | $217.2K | +3.4% |
| 4 Bedrooms | $315.5K | $262.5K | -16.8% |
| 5+ Bedrooms | $422K | $365K | -13.5% |
Summary: Metamora housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes decreased by 13.5%.
Median Sold Price Compared To Nearby Cities
| Worth Township | $251K | $265K | +5.6% |
| Metamora | $257.9K | $255K | -1.1% |
| Metamora Township | $257.9K | $255K | -1.1% |
Housing Supply in Metamora, IL
How many homes are available in Metamora, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 19 | -20.8% |
Summary: The Metamora real estate market had 19 homes for sale in October 2024, a 20.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 16 | 9 | -43.8% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Metamora 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 decreased by 43.8%, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Metamora, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Metamora in October 2024, down by 46.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Metamora, IL
How long does it take to sell a home in Metamora, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 70 Days | +284.1% |
Summary: Homes in Metamora had an average of 70 days on market in Oct 2024, up by 284.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Metamora are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Metamora; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.