$1,068 Closing Credit*
$89,900
1,620 SqFt
3 Beds
•2 Full Baths
Kimberly Wilkins, Listing Office: RE/MAX ADVANTAGE
Is Metropolis, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Metropolis was a Seller's Market.
Key Takeaway
Metropolis is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Metropolis, IL
How much do homes in Metropolis, IL cost?
Median Sold Price
$98,000
$76/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,050(+24.1%)
Key Takeaway
Homes in Metropolis have sold for 24.1% more than they did a year ago.
Summary: The median home sold price in Metropolis was $98,000 in October 2024, up 24.1% from last year, and the median price per square foot was $76.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $37K | $59.9K | +62.0% |
| 2 Bedrooms | $52.5K | $72.5K | +38.1% |
| 3 Bedrooms | $90.5K | $136K | +50.3% |
| 4 Bedrooms | $147.5K | $125K | -15.3% |
| 5+ Bedrooms | - | $305K | N/A |
Summary: Metropolis housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62%, 2 bedroom homes increased by 38.1%, 3 bedroom homes increased by 50.3%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Metropolis | $78.9K | $98K | +24.1% |
| Jefferson | $130K | $132.5K | +1.9% |
Housing Supply in Metropolis, IL
How many homes are available in Metropolis, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 56 | +40.0% |
Summary: The Metropolis real estate market had 56 homes for sale in October 2024, a 40.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 15 | 25 | +66.7% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Metropolis 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 increased by 40%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Metropolis, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Metropolis in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Metropolis, IL
How long does it take to sell a home in Metropolis, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 38 Days | -27.7% |
Summary: Homes in Metropolis had an average of 38 days on market in Oct 2024, down by 27.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Metropolis are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Metropolis; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.