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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gilman is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Gilman, IL

How much do homes in Gilman, IL cost?

Median Sold Price

$217,400

$138/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$52,400(+31.8%)

Key Takeaway

Homes in Gilman have sold for 31.8% more than they did a month ago.

Summary: The median home sold price in Gilman was $217,400 in May 2024, up 31.8% from last month, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $45K$224.9K
+399.8%
3 $172.5K$209.9K
+21.7%
4 --
N/A
5+ --
N/A

Summary: Gilman housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 399.8%, 3 bedroom homes increased by 21.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Gilman
+31.8%
Douglas Township
+31.8%

Housing Supply in Gilman, IL

How many homes are available in Gilman, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
127-41.7%

Summary: The Gilman real estate market had 7 homes for sale in May 2024, a 41.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 84
-50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Gilman 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 decreased by 33.3%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gilman, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Gilman in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Gilman, IL

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

Average Sale Time

Apr 2024May 2024CHANGE
34 Days114 Days+227.6%

Summary: Homes in Gilman had an average of 114 days on market in May 2024, up by 227.6% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gilman are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 2 homes were sold in Gilman; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Gilman, IL

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