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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sidney is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Sidney has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Sidney, IL

How much do homes in Sidney, IL cost?

Median Sold Price

$185,000

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$40,000(-17.8%)

Key Takeaway

Homes in Sidney have sold for 17.8% less than they did a year ago.

Summary: The median home sold price in Sidney was $185,000 in October 2024, down 17.8% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $110.5K$141K
+27.6%
3 $232.5K$192.5K
-17.2%
4 $1.3M$310K
-76.6%
5+ --
N/A

Summary: Sidney 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 27.6%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes decreased by 76.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Sidney
-17.8%
Sidney Township
-20.4%

Housing Supply in Sidney, IL

How many homes are available in Sidney, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
138-38.5%

Summary: The Sidney real estate market had 8 homes for sale in October 2024, a 38.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 74
-42.9%
4 44
0.0%
5+ 00
0.0%

Summary: The Sidney 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 100%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was 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 Sidney, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Sidney in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Sidney, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
4 Days117 Days+2837.5%

Summary: Homes in Sidney had an average of 117 days on market in Oct 2024, up by 2837.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sidney has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Sidney; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 20 Days Ago

Newest Listings in Sidney, IL

Nearby Markets to Sidney, IL