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 seller's market

Buyer's
Market

Difference Since October 2023

Since last year, New Baden has remained a Seller's Market.

Key Takeaway

New Baden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in New Baden, IL

How much do homes in New Baden, IL cost?

Median Sold Price

$208,000

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,000(+12.4%)

Key Takeaway

Homes in New Baden have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in New Baden was $208,000 in October 2024, up 12.4% from last year, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $155K$93.8K
-39.4%
3 $180K$202K
+12.2%
4 $216K$324.9K
+50.4%
5+ $347K$370K
+6.6%

Summary: New Baden housing prices by bedroom type for October 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 12.2%, 4 bedroom homes increased by 50.4%, and 5+ bedroom homes increased by 6.6%.

Median Sold Price Compared To Nearby Cities

Looking Glass Township
+29.0%
New Baden
+12.4%
Mascoutah Township
+9.6%

Housing Supply in New Baden, IL

How many homes are available in New Baden, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
811+37.5%

Summary: The New Baden real estate market had 11 homes for sale in October 2024, a 37.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 78
+14.3%
4 10
-100.0%
5+ 01
+100.0%

Summary: The New Baden 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 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in New Baden in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Oct 2023Oct 2024CHANGE
17 Days58 Days+244.1%

Summary: Homes in New Baden had an average of 58 days on market in Oct 2024, up by 244.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in New Baden are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in New Baden; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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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