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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vienna is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Vienna has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Vienna, IL

How much do homes in Vienna, IL cost?

Median Sold Price

$210,000

$74/sqft

Based on all homes sold in October 2024.

The Median Sold Price hasn't changed since September 2024.

Key Takeaway

The sold price of homes in Vienna has remained the same since last month.

Summary: The median home sold price in Vienna was $210,000 in October 2024, the same as last month, and the median price per square foot was $74.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $66.2K-
N/A
3 $210K$136.5K
-35.0%
4 $367.1K$215K
-41.4%
5+ --
N/A

Summary: Vienna housing prices by bedroom type for October 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 35%, 4 bedroom homes decreased by 41.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Vienna
0.0%
Vienna No. 3
-4.9%

Housing Supply in Vienna, IL

How many homes are available in Vienna, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1312-7.7%

Summary: The Vienna real estate market had 12 homes for sale in October 2024, a 7.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 78
+14.3%
4 43
-25.0%
5+ 11
0.0%

Summary: The Vienna 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 decreased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 Homes Were 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 Vienna, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Vienna in October 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Vienna, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
12 Days84 Days+565.8%

Summary: Homes in Vienna had an average of 84 days on market in Oct 2024, up by 565.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Vienna; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 Vienna, IL

Nearby Markets to Vienna, IL