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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ransom is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Ransom, IL

How much do homes in Ransom, IL cost?

Median Sold Price

$107,500

$119/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$222,500(-67.4%)

Key Takeaway

Homes in Ransom have sold for 67.4% less than they did a month ago.

Summary: The median home sold price in Ransom was $107,500 in November 2024, down 67.4% from last month, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$107.5K
N/A
3 --
N/A
4 --
N/A
5+ $330K-
N/A

Summary: Ransom 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Ransom, IL

How many homes are available in Ransom, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
21-50.0%

Summary: The Ransom real estate market had 1 homes for sale in November 2024, a 50.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 00
0.0%
4 00
0.0%
5+ 10
-100.0%

Summary: The Ransom 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were 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 Ransom, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Ransom in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Ransom, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
182 Days27 Days-85.2%

Summary: Homes in Ransom had an average of 27 days on market in Nov 2024, down by 85.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Ransom are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Ransom; 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 4 Days Ago

Newest Listings in Ransom, IL

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