Is Piper City, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Piper City is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Piper City, IL

How much do homes in Piper City, IL cost?

Median Sold Price

$65,000

$62/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,750(+32.0%)

Key Takeaway

Homes in Piper City have sold for 32% more than they did a year ago.

Summary: The median home sold price in Piper City was $65,000 in November 2024, up 32% from last year, and the median price per square foot was $62.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$52K
N/A
2 $52.7K$83.7K
+58.8%
3 $34K$62K
+82.4%
4 $50K$182K
+264.0%
5+ --
N/A

Summary: Piper City 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 increased by 58.8%, 3 bedroom homes increased by 82.4%, 4 bedroom homes increased by 264%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Piper City
+32.0%
Brenton Township
+28.9%

Housing Supply in Piper City, IL

How many homes are available in Piper City, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
43-25.0%

Summary: The Piper City real estate market had 3 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 11
0.0%
3 21
-50.0%
4 01
+100.0%
5+ 00
0.0%

Summary: The Piper City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were 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 Piper City, 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 Piper City in November 2024, down by 50.0% month-over-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 Piper City, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
2 Days53 Days+2550.0%

Summary: Homes in Piper City had an average of 53 days on market in Nov 2024, up by 2550% compared to last year.

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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Piper City has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Piper City; 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.

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 Piper City, IL

Nearby Markets to Piper City, IL