$2,078 Closing Credit*
$175,000
2 Beds
•1 Full Bath
Listing Office: Keller Williams Pinnacle
Is Red Bud, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$150,000
$89/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$78,000(-34.2%)
Key Takeaway
Homes in Red Bud have sold for 34.2% less than they did a month ago.
Summary: The median home sold price in Red Bud was $150,000 in November 2024, down 34.2% from last month, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $63K | N/A |
| 3 Bedrooms | $202K | $231K | +14.4% |
| 4 Bedrooms | $350K | $206K | -41.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Red Bud 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 increased by 14.4%, 4 bedroom homes decreased by 41.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Red Bud | $202K | $150K | -25.7% |
| Red Bud | $228K | $150K | -34.2% |
Housing Supply in Red Bud, IL
How many homes are available in Red Bud, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Red Bud real estate market had 15 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Red Bud 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 increased by 25%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Red Bud, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Red Bud in November 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 64 Days | +128.6% |
Summary: Homes in Red Bud had an average of 64 days on market in Nov 2024, up by 128.6% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Red Bud are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Red Bud; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.