$3,561 Closing Credit*
$299,900
1,556 SqFt
2 Beds
•2 Full Baths
Michelle Largent, Listing Office: Re/Max Traders Unlimited
Is Metamora, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$259,900
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$6,100(-2.3%)
Key Takeaway
Homes in Metamora have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Metamora was $259,900 in November 2024, down 2.3% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $155K | $160K | +3.2% |
| 3 Bedrooms | $210K | $235.5K | +12.1% |
| 4 Bedrooms | $315.5K | $267.5K | -15.2% |
| 5+ Bedrooms | $422K | $365K | -13.5% |
Summary: Metamora 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 increased by 3.2%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes decreased by 13.5%.
Median Sold Price Compared To Nearby Cities
| Worth Township | $253.2K | $266K | +5.0% |
| Metamora Township | $262.9K | $259.9K | -1.2% |
| Metamora | $266K | $259.9K | -2.3% |
Housing Supply in Metamora, IL
How many homes are available in Metamora, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The Metamora real estate market had 18 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Metamora 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 decreased by 50%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was 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. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Metamora in November 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 9 Days | -17.5% |
Summary: Homes in Metamora had an average of 9 days on market in Nov 2024, down by 17.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 November 2024, 7 homes were sold in Metamora; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.