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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Prophetstown is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Prophetstown has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Prophetstown, IL

How much do homes in Prophetstown, IL cost?

Median Sold Price

$225,500

$104/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$45,500(+25.3%)

Key Takeaway

Homes in Prophetstown have sold for 25.3% more than they did a month ago.

Summary: The median home sold price in Prophetstown was $225,500 in November 2024, up 25.3% from last month, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $164.2K-
N/A
3 $242.5K$232K
-4.3%
4 -$219K
N/A
5+ --
N/A

Summary: Prophetstown housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 4.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Prophetstown, IL

How many homes are available in Prophetstown, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
119-18.2%

Summary: The Prophetstown real estate market had 9 homes for sale in November 2024, a 18.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 20
-100.0%
3 85
-37.5%
4 12
+100.0%
5+ 01
+100.0%

Summary: The Prophetstown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was 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 Prophetstown, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Prophetstown in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Prophetstown, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
14 Days51 Days+257.6%

Summary: Homes in Prophetstown had an average of 51 days on market in Nov 2024, up by 257.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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

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

Summary: During November 2024, 2 homes were sold in Prophetstown; 50% of homes were sold within 30 days, 50% 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 Prophetstown, IL

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