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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plano is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Plano, IL

How much do homes in Plano, IL cost?

Median Sold Price

$265,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$39,000(+17.3%)

Key Takeaway

Homes in Plano have sold for 17.3% more than they did a year ago.

Summary: The median home sold price in Plano was $265,000 in October 2024, up 17.3% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $50K$108K
+116.0%
2 $190K$236.5K
+24.5%
3 $230K$263K
+14.3%
4 $289.9K$339.9K
+17.2%
5+ $500K$377K
-24.6%

Summary: Plano housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 116%, 2 bedroom homes increased by 24.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes decreased by 24.6%.

Median Sold Price Compared To Nearby Cities

Plano
+17.3%
Little Rock Township
+16.1%
Bristol Township
+11.6%
Yorkville
+11.1%

Housing Supply in Plano, IL

How many homes are available in Plano, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4658+26.1%

Summary: The Plano real estate market had 58 homes for sale in October 2024, a 26.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1016
+60.0%
3 2526
+4.0%
4 814
+75.0%
5+ 32
-33.3%

Summary: The Plano 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 increased by 60%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1312-7.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plano, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Plano in October 2024, down by 7.7% month-over-month. Of the 12 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for Plano, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days17 Days-3.4%

Summary: Homes in Plano had an average of 17 days on market in Oct 2024, down by 3.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 12 homes were sold in Plano; 75% of homes were sold within 30 days, 25% 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 20 Days Ago

Newest Listings in Plano, IL

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What housing markets are near Plano, IL?