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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Walnut is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Walnut was a Neutral Market.

Key Takeaway

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

Housing Prices in Walnut, IL

How much do homes in Walnut, IL cost?

Median Sold Price

$132,500

$77/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$55,000(+71.0%)

Key Takeaway

Homes in Walnut have sold for 71% more than they did a year ago.

Summary: The median home sold price in Walnut was $132,500 in October 2024, up 71% from last year, and the median price per square foot was $77.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $72K-
N/A
2 $58K$58K
0.0%
3 $160K$112.5K
-29.7%
4 $72K$149.5K
+107.6%
5+ -$265K
N/A

Summary: Walnut 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 did not change, 3 bedroom homes decreased by 29.7%, 4 bedroom homes increased by 107.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Walnut
+71.0%
Walnut Township
+59.6%

Housing Supply in Walnut, IL

How many homes are available in Walnut, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
89+12.5%

Summary: The Walnut real estate market had 9 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 55
0.0%
4 22
0.0%
5+ 00
0.0%

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

Number of Homes Sold

Sep 2024Oct 2024CHANGE
03+100.0%

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 Walnut, 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 Walnut in October 2024, up by 100.0% month-over-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 Walnut, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days47 Days+297.2%

Summary: Homes in Walnut had an average of 47 days on market in Oct 2024, up by 297.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were 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 Walnut has remained consistent over time.

Summary: During October 2024, 3 homes were sold in Walnut; 33% of homes were sold within 30 days, 67% 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 20 Days Ago

Newest Listings in Walnut, IL

Nearby Markets to Walnut, IL