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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Polo is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Polo was a Buyer's Market.

Key Takeaway

Polo is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Polo, IL

How much do homes in Polo, IL cost?

Median Sold Price

$140,000

$83/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$33,550(+31.5%)

Key Takeaway

Homes in Polo have sold for 31.5% more than they did a year ago.

Summary: The median home sold price in Polo was $140,000 in November 2024, up 31.5% from last year, and the median price per square foot was $83.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$315K
N/A
2 $79.7K$85K
+6.6%
3 $109.5K$155K
+41.5%
4 $112K$130K
+16.1%
5+ $126.5K$122.5K
-3.2%

Summary: Polo 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 6.6%, 3 bedroom homes increased by 41.5%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 3.2%.

Median Sold Price Compared To Nearby Cities

Polo
+31.5%
Buffalo Township
+11.4%

Housing Supply in Polo, IL

How many homes are available in Polo, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
12120.0%

Summary: The Polo real estate market had 12 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 56
+20.0%
4 00
0.0%
5+ 33
0.0%

Summary: The Polo 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 25%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Polo, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Polo in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Polo, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
44 Days7 Days-84.1%

Summary: Homes in Polo had an average of 7 days on market in Nov 2024, down by 84.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Polo; 100% of homes were sold within 30 days, 0% 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 21 Days Ago

Newest Listings in Polo, IL

Nearby Markets to Polo, IL