$711 Closing Credit*
$59,900
1,250 SqFt
2 Beds
•2 Full Baths
Makaela Johnson, Listing Office: GIA REAL ESTATE, INC.
Is Metropolis, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$97,000
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,500(+14.8%)
Key Takeaway
Homes in Metropolis have sold for 14.8% more than they did a year ago.
Summary: The median home sold price in Metropolis was $97,000 in November 2024, up 14.8% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $37K | $59.9K | +62.0% |
| 2 Bedrooms | $54K | $69.4K | +28.5% |
| 3 Bedrooms | $99.5K | $137K | +37.7% |
| 4 Bedrooms | $145K | $125K | -13.8% |
| 5+ Bedrooms | - | $305K | N/A |
Summary: Metropolis housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62%, 2 bedroom homes increased by 28.5%, 3 bedroom homes increased by 37.7%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lincoln | $101K | $119K | +17.8% |
| Metropolis | $84.5K | $97K | +14.8% |
Housing Supply in Metropolis, IL
How many homes are available in Metropolis, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 48 | -4.0% |
Summary: The Metropolis real estate market had 48 homes for sale in November 2024, a 4.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 23 | 22 | -4.3% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Metropolis housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Metropolis, 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 Metropolis in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 31 Days | -4.8% |
Summary: Homes in Metropolis had an average of 31 days on market in Nov 2024, down by 4.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was 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 November 2024, 7 homes were sold in Metropolis; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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.