$1,312 Closing Credit*
$110,500
917 SqFt
2 Beds
•1 Full Bath
Roger Nesch, Listing Office: Keller Williams Capital
Is Southern View, 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, Southern View has remained a Seller's Market.
Key Takeaway
Southern View is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southern View, IL
How much do homes in Southern View, IL cost?
Median Sold Price
$125,000
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,050(+13.7%)
Key Takeaway
Homes in Southern View have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Southern View was $125,000 in October 2024, up 13.7% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $103.6K | $91K | -12.2% |
| 3 Bedrooms | $117K | $130K | +11.1% |
| 4 Bedrooms | $128K | $171.2K | +33.8% |
| 5+ Bedrooms | $145.7K | $157K | +7.7% |
Summary: Southern View 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 decreased by 12.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 33.8%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
| Woodside Township | $125K | $142.2K | +13.8% |
| Southern View | $109.9K | $125K | +13.7% |
| Springfield | $149.4K | $167.2K | +11.9% |
| Capital Township | $154.9K | $169.5K | +9.4% |
Housing Supply in Southern View, IL
How many homes are available in Southern View, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Southern View real estate market had 5 homes for sale in October 2024, a 16.7% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southern View 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 increased by 50%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southern View, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Southern View in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Southern View, IL
How long does it take to sell a home in Southern View, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 35 Days | +337.5% |
Summary: Homes in Southern View had an average of 35 days on market in Oct 2024, up by 337.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Southern View has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Southern View; 0% of homes were sold within 30 days, 100% 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.