Is Pawnee, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pawnee is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Pawnee, IL

How much do homes in Pawnee, IL cost?

Median Sold Price

$159,900

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,900(+8.0%)

Key Takeaway

Homes in Pawnee have sold for 8% more than they did a year ago.

Summary: The median home sold price in Pawnee was $159,900 in October 2024, up 8% from last year, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $88K$69K
-21.6%
3 $148K$165K
+11.5%
4 $161K$249.9K
+55.2%
5+ $357K$300K
-16.0%

Summary: Pawnee 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 21.6%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 55.2%, and 5+ bedroom homes decreased by 16%.

Median Sold Price Compared To Nearby Cities

Pawnee
+8.0%
Pawnee Township
+8.0%

Housing Supply in Pawnee, IL

How many homes are available in Pawnee, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
105-50.0%

Summary: The Pawnee real estate market had 5 homes for sale in October 2024, a 50.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 52
-60.0%
4 10
-100.0%
5+ 11
0.0%

Summary: The Pawnee 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 decreased by 33.3%, 3 bedroom homes decreased by 60%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
61-83.3%

Asking Price vs. Sold Price

1 Home Was 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 Pawnee, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Pawnee in October 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Pawnee, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days10 Days-28.6%

Summary: Homes in Pawnee had an average of 10 days on market in Oct 2024, down by 28.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in Pawnee; 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.

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

Report Updated 16 Days Ago

Newest Listings in Pawnee, IL

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