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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Valmeyer is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Valmeyer has remained a Seller's Market.

Key Takeaway

Valmeyer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Valmeyer, IL

How much do homes in Valmeyer, IL cost?

Median Sold Price

$251,950

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,950(+7.2%)

Key Takeaway

Homes in Valmeyer have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in Valmeyer was $251,950 in October 2024, up 7.2% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$80K
N/A
2 $145K$220K
+51.7%
3 $235K$257K
+9.4%
4 $259.5K$248.9K
-4.1%
5+ $275K-
N/A

Summary: Valmeyer 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 51.7%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes did not change.

Housing Supply in Valmeyer, IL

How many homes are available in Valmeyer, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
35+66.7%

Summary: The Valmeyer real estate market had 5 homes for sale in October 2024, a 66.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 34
+33.3%
4 00
0.0%
5+ 01
+100.0%

Summary: The Valmeyer 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Valmeyer, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Valmeyer in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Valmeyer, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
7 Days4 Days-42.9%

Summary: Homes in Valmeyer had an average of 4 days on market in Oct 2024, down by 42.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in Valmeyer; 100% of homes were sold within 30 days, 0% 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 26 Days Ago

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