$1,532 Closing Credit*
$129,000
925 SqFt
2 Beds
•1 Full Bath
Kim Wenda, Listing Office: RE/MAX Professionals
Is Petersburg West No. 16, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Petersburg West No. 16 has remained a Seller's Market.
Key Takeaway
Petersburg West No. 16 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Petersburg West No. 16, IL
How much do homes in Petersburg West No. 16, IL cost?
Median Sold Price
$33,505
$16/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$131,495(-79.7%)
Key Takeaway
Homes in Petersburg West No. 16 have sold for 79.7% less than they did a month ago.
Summary: The median home sold price in Petersburg West No. 16 was $33,505 in October 2024, down 79.7% from last month, and the median price per square foot was $16.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $165K | $33.5K | -79.7% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Petersburg West No. 16 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 79.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Petersburg West No. 16, IL
How many homes are available in Petersburg West No. 16, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Summary: The Petersburg West No. 16 real estate market had 3 homes for sale in October 2024, a 50.0% increase compared to 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 | 2 | 3 | +50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Petersburg West No. 16 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 increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Petersburg West No. 16, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Petersburg West No. 16 in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Petersburg West No. 16, IL
How long does it take to sell a home in Petersburg West No. 16, IL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 Day | 32 Days | +3100.0% |
Summary: Homes in Petersburg West No. 16 had an average of 32 days on market in Oct 2024, up by 3100% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Petersburg West No. 16 has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Petersburg West No. 16; 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.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.