Tammie Durham, Listing Office: Tammie Durham Real Estate
Is Varna, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Varna has remained a Seller's Market.
Housing Prices in Varna, IL
How much do homes in Varna, IL cost?
Median Sold Price
$259,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
Summary: The median home sold price in Varna was $259,000 in December 2024, up 3.6% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $187K | N/A |
2 Bedrooms | $131.2K | $136K | +3.6% |
3 Bedrooms | $255K | $266K | +4.3% |
4 Bedrooms | $250K | $317.5K | +27.0% |
5+ Bedrooms | $475K | - | N/A |
Summary: Varna housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 27%, and 5+ bedroom homes did not change.
Housing Supply in Varna, IL
How many homes are available in Varna, IL?
Number of Homes For Sale
Nov 2024 | Dec 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Summary: The Varna real estate market had 6 homes for sale in December 2024, a 14.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Varna housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 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
Nov 2024 | Dec 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Varna in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Varna, IL
How long does it take to sell a home in Varna, IL?
Average Sale Time
Dec 2023 | Dec 2024 | CHANGE |
---|---|---|
61 Days | 45 Days | -25.8% |
Summary: Homes in Varna had an average of 45 days on market in Dec 2024, down by 25.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During December 2024, 2 homes were sold in Varna; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.