$1,532 Closing Credit*
$129,000
952 SqFt
2 Beds
•1 Full Bath
Listing Office: Keller Williams Marquee
Is Sparta, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Sparta was a Neutral Market.
Key Takeaway
Sparta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sparta, IL
How much do homes in Sparta, IL cost?
Median Sold Price
$136,500
$75/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$67,500(+97.8%)
Key Takeaway
Homes in Sparta have sold for 97.8% more than they did a year ago.
Summary: The median home sold price in Sparta was $136,500 in October 2024, up 97.8% from last year, and the median price per square foot was $75.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $72.5K | N/A |
| 2 Bedrooms | $42.5K | $81.5K | +91.8% |
| 3 Bedrooms | $96K | $162.5K | +69.3% |
| 4 Bedrooms | $165.5K | $224K | +35.3% |
| 5+ Bedrooms | $80K | $135K | +68.8% |
Summary: Sparta 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 91.8%, 3 bedroom homes increased by 69.3%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes increased by 68.8%.
Median Sold Price Compared To Nearby Cities
| Sparta | $69K | $136.5K | +97.8% |
| Coulterville | $217.4K | $113.5K | -47.8% |
Housing Supply in Sparta, IL
How many homes are available in Sparta, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 24 | -4.0% |
Summary: The Sparta real estate market had 24 homes for sale in October 2024, a 4.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sparta 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 6.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
4 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 Sparta, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Sparta in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Sparta, IL
How long does it take to sell a home in Sparta, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 115 Days | 126 Days | +10.0% |
Summary: Homes in Sparta had an average of 126 days on market in Oct 2024, up by 10% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Sparta are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 6 homes were sold in Sparta; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.