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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Posen is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Posen, IL

How much do homes in Posen, IL cost?

Median Sold Price

$198,950

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$13,950(+7.5%)

Key Takeaway

Homes in Posen have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Posen was $198,950 in November 2024, up 7.5% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $185K$78.7K
-57.4%
3 $175K$197.9K
+13.1%
4 $249.4K$255K
+2.2%
5+ $275K$232.5K
-15.5%

Summary: Posen 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 decreased by 57.4%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 15.5%.

Median Sold Price Compared To Nearby Cities

Markham
+16.4%
Blue Island
+13.2%
Harvey
+13.0%
Posen
+7.5%

Housing Supply in Posen, IL

How many homes are available in Posen, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1112+9.1%

Summary: The Posen real estate market had 12 homes for sale in November 2024, a 9.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 45
+25.0%
4 33
0.0%
5+ 00
0.0%

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

Number of Homes Sold

Oct 2024Nov 2024CHANGE
05+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Posen, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Posen in November 2024, up by 100.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.

Days on Market for Posen, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
17 Days9 Days-44.0%

Summary: Homes in Posen had an average of 9 days on market in Nov 2024, down by 44% compared to last year.

Breakdown of Home Sale Times

5 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 Posen are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in Posen; 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 17 Days Ago

Newest Listings in Posen, IL

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