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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pullman is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Pullman was a Seller's Market.

Key Takeaway

Pullman is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Pullman, IL

How much do homes in Pullman, IL cost?

Median Sold Price

$205,444

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$45,444(+28.4%)

Key Takeaway

Homes in Pullman have sold for 28.4% more than they did a year ago.

Summary: The median home sold price in Pullman was $205,444 in November 2024, up 28.4% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $151K$155K
+2.6%
3 $160K$205.4K
+28.4%
4 $225K$126K
-44.0%
5+ $175.5K$266K
+51.6%

Summary: Pullman 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 2.6%, 3 bedroom homes increased by 28.4%, 4 bedroom homes decreased by 44%, and 5+ bedroom homes increased by 51.6%.

Median Sold Price Compared To Nearby Neighborhoods

Burnside
+70.5%
Pullman
+28.4%
Far Southeast Side
+11.8%
Roseland
+9.7%
Calumet Heights
+2.2%

Housing Supply in Pullman, IL

How many homes are available in Pullman, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2728+3.7%

Summary: The Pullman real estate market had 28 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 77
0.0%
3 1214
+16.7%
4 33
0.0%
5+ 54
-20.0%

Summary: The Pullman 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 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pullman, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Pullman in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Pullman, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days85 Days+220.0%

Summary: Homes in Pullman had an average of 85 days on market in Nov 2024, up by 220% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Pullman; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 Pullman, IL

Nearby Markets to Pullman, IL