Is Beecher, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Beecher has remained a Seller's Market.
Housing Prices in Beecher, IL
How much do homes in Beecher, IL cost?
Median Sold Price
$285,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Beecher was $285,000 in May 2024, up 3.6% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128.8K | $630K | +389.1% |
2 Bedrooms | $187.5K | $240K | +28.0% |
3 Bedrooms | $275.5K | $285K | +3.4% |
4 Bedrooms | $325K | $315.5K | -2.9% |
5+ Bedrooms | - | $452.5K | N/A |
Summary: Beecher housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 389.1%, 2 bedroom homes increased by 28%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Beecher | $275K | $285K | +3.6% |
Washington Township | $243K | $227K | -6.6% |
Housing Supply in Beecher, IL
How many homes are available in Beecher, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 32 | +3.2% |
Summary: The Beecher real estate market had 32 homes for sale in May 2024, a 3.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 14 | 14 | 0.0% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Beecher housing inventory by bedroom type for May 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 increased by 15.4%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Beecher in May 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Beecher, IL
How long does it take to sell a home in Beecher, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
94 Days | 27 Days | -70.5% |
Summary: Homes in Beecher had an average of 27 days on market in May 2024, down by 70.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Beecher; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.