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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hainesville is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Hainesville has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Hainesville, IL

How much do homes in Hainesville, IL cost?

Median Sold Price

$270,000

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$30,000(+12.5%)

Key Takeaway

Homes in Hainesville have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in Hainesville was $270,000 in May 2024, up 12.5% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $186K$215K
+15.6%
3 $282.5K$280K
-0.9%
4 $325K$347.5K
+6.9%
5+ $285K$309.5K
+8.6%

Summary: Hainesville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.6%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 8.6%.

Median Sold Price Compared To Nearby Cities

Round Lake Park
+14.5%
Hainesville
+12.5%
Avon Township
+12.0%
Grayslake
+2.4%

Housing Supply in Hainesville, IL

How many homes are available in Hainesville, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
11110.0%

Summary: The Hainesville real estate market had 11 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 43
-25.0%
4 12
+100.0%
5+ 01
+100.0%

Summary: The Hainesville 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 16.7%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hainesville, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Hainesville in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.

Days on Market for Hainesville, IL

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

Average Sale Time

May 2023May 2024CHANGE
6 Days11 Days+73.7%

Summary: Homes in Hainesville had an average of 11 days on market in May 2024, up by 73.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 6 homes were sold in Hainesville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Hainesville, IL

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