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 November 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

$263,500

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$35,500(+15.6%)

Key Takeaway

Homes in Plano have sold for 15.6% more than they did a year ago.

Summary: The median home sold price in Plano was $263,500 in November 2024, up 15.6% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $50K$108K
+116.0%
2 $193.7K$236K
+21.8%
3 $230K$260K
+13.0%
4 $282.9K$345K
+21.9%
5+ $500K$379K
-24.2%

Summary: Plano housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 116%, 2 bedroom homes increased by 21.8%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes decreased by 24.2%.

Median Sold Price Compared To Nearby Cities

Plano
+15.6%
Little Rock Township
+14.8%
Bristol Township
+10.8%
Yorkville
+6.1%

Housing Supply in Plano, IL

How many homes are available in Plano, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5456+3.7%

Summary: The Plano real estate market had 56 homes for sale in November 2024, a 3.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1614
-12.5%
3 2225
+13.6%
4 1415
+7.1%
5+ 22
0.0%

Summary: The Plano 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 decreased by 12.5%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1224+100.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

4 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. 45.8% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Plano in November 2024, up by 100.0% month-over-month. Of the 24 sold homes, 46% were sold under asking, 38% 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

Nov 2023Nov 2024CHANGE
16 Days19 Days+13.2%

Summary: Homes in Plano had an average of 19 days on market in Nov 2024, up by 13.2% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 24 homes were sold in Plano; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% 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 21 Days Ago

Newest Listings in Plano, IL

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