$10,000 Closing Credit*
$1,150,000
4,400 SqFt
4 Beds
•4 Full Baths, 1 Partial
MELISSA PLANT, Listing Office: COLDWELL BANKER J. DAVID THOMPSON
Is Southern, 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, Southern has remained a Seller's Market.
Key Takeaway
Southern is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southern, IL
How much do homes in Southern, IL cost?
Median Sold Price
$250,500
$101/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$72,000(-22.3%)
Key Takeaway
Homes in Southern have sold for 22.3% less than they did a month ago.
Summary: The median home sold price in Southern was $250,500 in November 2024, down 22.3% from last month, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | $139K | -13.1% |
| 3 Bedrooms | $385K | $491.9K | +27.8% |
| 4 Bedrooms | $322.5K | $343K | +6.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Southern 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 decreased by 13.1%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes did not change.
Housing Supply in Southern, IL
How many homes are available in Southern, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Summary: The Southern real estate market had 15 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Southern 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 decreased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Southern, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Southern in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Southern, IL
How long does it take to sell a home in Southern, IL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 28 Days | -46.2% |
Summary: Homes in Southern had an average of 28 days on market in Nov 2024, down by 46.2% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southern are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Southern; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.