$1,401 Closing Credit*
$118,000
5 Beds
•1 Full Bath, 1 Partial
Listing Office: Dammerman & Associates Benchmark Realty
Is Neoga, 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, Neoga was a Buyer's Market.
Key Takeaway
Neoga is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Neoga, IL
How much do homes in Neoga, IL cost?
Median Sold Price
$170,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,500(+25.5%)
Key Takeaway
Homes in Neoga have sold for 25.5% more than they did a year ago.
Summary: The median home sold price in Neoga was $170,000 in November 2024, up 25.5% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.5K | $170K | +119.4% |
| 2 Bedrooms | $127.5K | $168.5K | +32.2% |
| 3 Bedrooms | $147K | $118.2K | -19.6% |
| 4 Bedrooms | - | $380K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Neoga housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 119.4%, 2 bedroom homes increased by 32.2%, 3 bedroom homes decreased by 19.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Neoga | $135.5K | $170K | +25.5% |
| Neoga Township | $145K | $170K | +17.2% |
Housing Supply in Neoga, IL
How many homes are available in Neoga, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Summary: The Neoga real estate market had 7 homes for sale in November 2024, a 46.2% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 5 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Neoga 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 decreased by 14.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Neoga, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Neoga in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Neoga, IL
How long does it take to sell a home in Neoga, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 6 Days | -60.0% |
Summary: Homes in Neoga had an average of 6 days on market in Nov 2024, down by 60% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Neoga are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Neoga; 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.
