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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Varna is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Varna was a Seller's Market.

Key Takeaway

Varna 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 Varna, IL

How much do homes in Varna, IL cost?

Median Sold Price

$205,000

$117/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$39,000(-16.0%)

Key Takeaway

Homes in Varna have sold for 16% less than they did a month ago.

Summary: The median home sold price in Varna was $205,000 in November 2024, down 16% from last month, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $228K$205K
-10.1%
4 $260K-
N/A
5+ --
N/A

Summary: Varna housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 10.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Varna
-16.0%
Roberts Township
-27.0%

Housing Supply in Varna, IL

How many homes are available in Varna, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
67+16.7%

Summary: The Varna real estate market had 7 homes for sale in November 2024, a 16.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 44
0.0%
4 10
-100.0%
5+ 01
+100.0%

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

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Varna, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Varna in November 2024, down by 50.0% month-over-month. Of the 1 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

Oct 2024Nov 2024CHANGE
100 Days36 Days-64.0%

Summary: Homes in Varna had an average of 36 days on market in Nov 2024, down by 64% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Varna has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Varna; 0% of homes were sold within 30 days, 100% 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 2 Days Ago

Newest Listings in Varna, IL

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