Is Gilman, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Gilman has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $45K | $224.9K | +399.8% |
3 Bedrooms | $172.5K | $209.9K | +21.7% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | 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 | $165K | $217.4K | +31.8% |
Douglas Township | $165K | $217.4K | +31.8% |
Housing Supply in Gilman, IL
How many homes are available in Gilman, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 7 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 8 | 4 | -50.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | May 2024 | CHANGE |
---|---|---|
5 | 2 | -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
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 2024 | May 2024 | CHANGE |
---|---|---|
34 Days | 114 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
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.