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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vandalia is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Vandalia, IL

How much do homes in Vandalia, IL cost?

Median Sold Price

$129,900

$91/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,900(+24.9%)

Key Takeaway

Homes in Vandalia have sold for 24.9% more than they did a year ago.

Summary: The median home sold price in Vandalia was $129,900 in November 2024, up 24.9% from last year, and the median price per square foot was $91.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $20K$47.5K
+137.5%
2 $58.5K$78.7K
+34.6%
3 $124.2K$129.9K
+4.6%
4 $175K$174K
-0.6%
5+ $265.5K$345K
+29.9%

Summary: Vandalia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 137.5%, 2 bedroom homes increased by 34.6%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 29.9%.

Median Sold Price Compared To Nearby Cities

Vandalia
+24.9%
Vandalia Township
+24.9%

Housing Supply in Vandalia, IL

How many homes are available in Vandalia, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4644-4.3%

Summary: The Vandalia real estate market had 44 homes for sale in November 2024, a 4.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1315
+15.4%
3 2420
-16.7%
4 76
-14.3%
5+ 23
+50.0%

Summary: The Vandalia 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 15.4%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
811+37.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vandalia, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Vandalia in November 2024, up by 37.5% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.

Days on Market for Vandalia, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
115 Days89 Days-21.9%

Summary: Homes in Vandalia had an average of 89 days on market in Nov 2024, down by 21.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Vandalia are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 11 homes were sold in Vandalia; 27% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 55% 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 20 Days Ago

Newest Listings in Vandalia, IL

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