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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Warren is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Warren, IL

How much do homes in Warren, IL cost?

Median Sold Price

$147,000

$112/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$12,000(-7.5%)

Key Takeaway

Homes in Warren have sold for 7.5% less than they did a month ago.

Summary: The median home sold price in Warren was $147,000 in December 2024, down 7.5% from last month, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $159K$147K
-7.5%
4 --
N/A
5+ --
N/A

Summary: Warren housing prices by bedroom type for December 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 7.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Warren
-7.5%
Warren Township
-7.5%

Housing Supply in Warren, IL

How many homes are available in Warren, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
32-33.3%

Summary: The Warren real estate market had 2 homes for sale in December 2024, a 33.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 00
0.0%
5+ 00
0.0%

Summary: The Warren 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Warren, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Warren in December 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Warren, IL

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

Average Sale Time

Nov 2024Dec 2024CHANGE
83 Days111 Days+33.7%

Summary: Homes in Warren had an average of 111 days on market in Dec 2024, up by 33.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 1 homes were sold in Warren; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 6 Days Ago

Newest Listings in Warren, IL

Nearby Markets to Warren, IL