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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Streator is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Streator was a Seller's Market.

Key Takeaway

Streator is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Streator, IL

How much do homes in Streator, IL cost?

Median Sold Price

$110,000

$91/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+22.2%)

Key Takeaway

Homes in Streator have sold for 22.2% more than they did a year ago.

Summary: The median home sold price in Streator was $110,000 in November 2024, up 22.2% from last year, and the median price per square foot was $91.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $40K$48K
+20.0%
2 $69.5K$75K
+7.9%
3 $102.5K$120K
+17.1%
4 $95K$137K
+44.2%
5+ $122.5K$125K
+2.0%

Summary: Streator housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 44.2%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Cities

Otter Creek Township
+31.3%
Streator
+22.2%
Bruce Township
+21.8%

Housing Supply in Streator, IL

How many homes are available in Streator, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7376+4.1%

Summary: The Streator real estate market had 76 homes for sale in November 2024, a 4.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 2021
+5.0%
3 3731
-16.2%
4 612
+100.0%
5+ 810
+25.0%

Summary: The Streator 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 increased by 5%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Streator, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Streator in November 2024, down by 8.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.

Days on Market for Streator, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
49 Days28 Days-42.8%

Summary: Homes in Streator had an average of 28 days on market in Nov 2024, down by 42.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Streator are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in Streator; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in Streator, IL

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