Is Bunker Hill, 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, Bunker Hill has remained a Seller's Market.
Key Takeaway
Bunker Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bunker Hill, IL
How much do homes in Bunker Hill, IL cost?
Median Sold Price
$136,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bunker Hill have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in Bunker Hill was $136,000 in May 2024, down 4.6% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $115.9K | +93.2% |
| 2 Bedrooms | $142.5K | $125K | -12.3% |
| 3 Bedrooms | $139.9K | $147.5K | +5.4% |
| 4 Bedrooms | $262.4K | $135K | -48.6% |
| 5+ Bedrooms | $300K | - | N/A |
Summary: Bunker Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93.2%, 2 bedroom homes decreased by 12.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 48.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bunker Hill Township | $142K | $139.7K | -1.6% |
| Bunker Hill | $142.5K | $136K | -4.6% |
Housing Supply in Bunker Hill, IL
How many homes are available in Bunker Hill, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Summary: The Bunker Hill real estate market had 7 homes for sale in May 2024, a 12.5% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bunker Hill 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 decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bunker Hill, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Bunker Hill in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Bunker Hill, IL
How long does it take to sell a home in Bunker Hill, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 117 Days | 118 Days | +0.9% |
Summary: Homes in Bunker Hill had an average of 118 days on market in May 2024, up by 0.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bunker Hill are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Bunker Hill; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.