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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shabbona is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Shabbona, IL

How much do homes in Shabbona, IL cost?

Median Sold Price

$215,000

$178/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$30,000(-12.2%)

Key Takeaway

Homes in Shabbona have sold for 12.2% less than they did a month ago.

Summary: The median home sold price in Shabbona was $215,000 in December 2024, down 12.2% from last month, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $157K$215K
+36.9%
3 $249.9K-
N/A
4 $245K-
N/A
5+ --
N/A

Summary: Shabbona housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Shabbona Township
+7.0%
Shabbona
-12.2%

Housing Supply in Shabbona, IL

How many homes are available in Shabbona, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
53-40.0%

Summary: The Shabbona real estate market had 3 homes for sale in December 2024, a 40.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 10
-100.0%
4 21
-50.0%
5+ 01
+100.0%

Summary: The Shabbona housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
31-66.7%

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 Shabbona, 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 Shabbona in December 2024, down by 66.7% month-over-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 Shabbona, IL

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

Average Sale Time

Nov 2024Dec 2024CHANGE
26 Days5 Days-81.3%

Summary: Homes in Shabbona had an average of 5 days on market in Dec 2024, down by 81.3% 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 Shabbona are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in Shabbona; 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 8 Days Ago

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