$808 Closing Credit*
$68,000
1,690 SqFt
3 Beds
•1 Full Bath
Listing Office: eXp Realty
Is Red Bud, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Red Bud has remained a Seller's Market.
Key Takeaway
Red Bud is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Red Bud, IL
How much do homes in Red Bud, IL cost?
Median Sold Price
$216,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$66,000(+44.0%)
Key Takeaway
Homes in Red Bud have sold for 44% more than they did a year ago.
Summary: The median home sold price in Red Bud was $216,000 in October 2024, up 44% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $51K | - | N/A |
| 2 Bedrooms | $95K | $158.5K | +66.8% |
| 3 Bedrooms | $182.5K | $243.9K | +33.7% |
| 4 Bedrooms | $281K | $212K | -24.6% |
| 5+ Bedrooms | - | $225K | N/A |
Summary: Red Bud housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 66.8%, 3 bedroom homes increased by 33.7%, 4 bedroom homes decreased by 24.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Red Bud | $152.5K | $222.5K | +45.9% |
| Red Bud | $150K | $216K | +44.0% |
Housing Supply in Red Bud, IL
How many homes are available in Red Bud, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The Red Bud real estate market had 15 homes for sale in October 2024, a 11.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Red Bud housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Bud, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Red Bud in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Red Bud, IL
How long does it take to sell a home in Red Bud, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 87 Days | 28 Days | -67.9% |
Summary: Homes in Red Bud had an average of 28 days on market in Oct 2024, down by 67.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Red Bud has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Red Bud; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.