$1,247 Closing Credit*
$105,000
1,364 SqFt
2 Beds
•1 Full Bath
Pat VanEtten, Listing Office: RE/MAX Professionals
Is Petersburg, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Petersburg has remained a Seller's Market.
Key Takeaway
Petersburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Petersburg, IL
How much do homes in Petersburg, IL cost?
Median Sold Price
$184,200
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,200(+5.3%)
Key Takeaway
Homes in Petersburg have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Petersburg was $184,200 in November 2024, up 5.3% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $127.2K | $117.5K | -7.7% |
| 3 Bedrooms | $210K | $185.4K | -11.7% |
| 4 Bedrooms | $224.9K | $385K | +71.2% |
| 5+ Bedrooms | $113.7K | $168.9K | +48.5% |
Summary: Petersburg 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 7.7%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes increased by 71.2%, and 5+ bedroom homes increased by 48.5%.
Housing Supply in Petersburg, IL
How many homes are available in Petersburg, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Petersburg real estate market had 17 homes for sale in November 2024, a 6.3% increase 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Petersburg 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 increased by 50%, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 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 Petersburg, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Petersburg in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Petersburg, IL
How long does it take to sell a home in Petersburg, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 37 Days | +33.6% |
Summary: Homes in Petersburg had an average of 37 days on market in Nov 2024, up by 33.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Petersburg has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Petersburg; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.