$2,078 Closing Credit*
$175,000
3 Beds
•2 Full Baths
Listing Office: Keller Williams Pinnacle
Is Sparta, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$141,250
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$70,250(+98.9%)
Key Takeaway
Homes in Sparta have sold for 98.9% more than they did a year ago.
Summary: The median home sold price in Sparta was $141,250 in November 2024, up 98.9% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $72.5K | N/A |
| 2 Bedrooms | $38.7K | $96.7K | +149.7% |
| 3 Bedrooms | $135K | $165.2K | +22.4% |
| 4 Bedrooms | $73K | $214.5K | +193.8% |
| 5+ Bedrooms | $80K | $135K | +68.8% |
Summary: Sparta housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 149.7%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 193.8%, and 5+ bedroom homes increased by 68.8%.
Median Sold Price Compared To Nearby Cities
| Sparta | $71K | $141.2K | +98.9% |
| Coulterville | $185K | $113.5K | -38.6% |
Housing Supply in Sparta, IL
How many homes are available in Sparta, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 18 | -18.2% |
Summary: The Sparta real estate market had 18 homes for sale in November 2024, a 18.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sparta housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sparta, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Sparta in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 91 Days | +57.6% |
Summary: Homes in Sparta had an average of 91 days on market in Nov 2024, up by 57.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sparta has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Sparta; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.