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

$90,710

$46/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$290(-0.3%)

Key Takeaway

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

Summary: The median home sold price in Warren was $90,710 in October 2024, down 0.3% from last month, and the median price per square foot was $46.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $91K$90.7K
-0.3%
4 --
N/A
5+ --
N/A

Summary: Warren 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 0.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Warren
-0.3%
Warren Township
-0.3%

Housing Supply in Warren, IL

How many homes are available in Warren, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
440.0%

Summary: The Warren real estate market had 4 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 44
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Warren 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 remained the same, 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
110.0%

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 Warren, 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 Warren in October 2024, the same as the previous 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 Warren, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
11 Days92 Days+736.4%

Summary: Homes in Warren had an average of 92 days on market in Oct 2024, up by 736.4% 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 October 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 21 Days Ago

Newest Listings in Warren, IL

Nearby Markets to Warren, IL