Is New Baden, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Baden is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, New Baden was a Seller's Market.

Key Takeaway

New Baden 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 New Baden, IL

How much do homes in New Baden, IL cost?

Median Sold Price

$210,000

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,500(+15.1%)

Key Takeaway

Homes in New Baden have sold for 15.1% more than they did a year ago.

Summary: The median home sold price in New Baden was $210,000 in November 2024, up 15.1% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $155K$93.8K
-39.4%
3 $175.5K$204K
+16.2%
4 $222.5K$309.9K
+39.3%
5+ $347K$370K
+6.6%

Summary: New Baden 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 decreased by 39.4%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 39.3%, and 5+ bedroom homes increased by 6.6%.

Median Sold Price Compared To Nearby Cities

Looking Glass Township
+29.0%
New Baden
+15.1%
Mascoutah Township
+5.7%

Housing Supply in New Baden, IL

How many homes are available in New Baden, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
913+44.4%

Summary: The New Baden real estate market had 13 homes for sale in November 2024, a 44.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 610
+66.7%
4 01
+100.0%
5+ 11
0.0%

Summary: The New Baden 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 66.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Baden, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in New Baden in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for New Baden, IL

How long does it take to sell a home in New Baden, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
9 Days60 Days+572.2%

Summary: Homes in New Baden had an average of 60 days on market in Nov 2024, up by 572.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in New Baden has remained consistent over time.

Summary: During November 2024, 2 homes were sold in New Baden; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in New Baden, IL

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