$9,488 Closing Credit*
$799,000
2,675 SqFt
6 Beds
•4 Full Baths
Dana Pierson-Emering, Listing Office: @properties Christie's International Real Estate
Is Old Mill Creek, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Old Mill Creek has remained a Seller's Market.
Key Takeaway
Old Mill Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Old Mill Creek, IL
How much do homes in Old Mill Creek, IL cost?
Median Sold Price
$702,500
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$41,600(-5.6%)
Key Takeaway
Homes in Old Mill Creek have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Old Mill Creek was $702,500 in October 2024, down 5.6% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $482K | N/A |
| 4 Bedrooms | $587.5K | $587.5K | 0.0% |
| 5+ Bedrooms | $744.1K | $860K | +15.6% |
Summary: Old Mill Creek 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 did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 15.6%.
Median Sold Price Compared To Nearby Cities
| Newport Township | $337K | $390K | +15.7% |
| Lindenhurst | $300K | $330K | +10.0% |
| Warren Township | $324.9K | $334.7K | +3.0% |
| Wadsworth | $405K | $400K | -1.2% |
| Old Mill Creek | $744.1K | $702.5K | -5.6% |
Housing Supply in Old Mill Creek, IL
How many homes are available in Old Mill Creek, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The Old Mill Creek real estate market had 5 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Old Mill Creek 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old Mill Creek, 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 Old Mill Creek in October 2024, up by 100.0% month-over-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 Old Mill Creek, IL
How long does it take to sell a home in Old Mill Creek, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 69 Days | +167.3% |
Summary: Homes in Old Mill Creek had an average of 69 days on market in Oct 2024, up by 167.3% 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
Key Takeaway
Many homes in Old Mill Creek are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Old Mill Creek; 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.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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