Is Mansfield, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Mansfield was a Seller's Market.
Housing Prices in Mansfield, IL
How much do homes in Mansfield, IL cost?
Median Sold Price
$167,000
$127/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Mansfield was $167,000 in May 2024, down 24.7% from last month, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $167K | N/A |
3 Bedrooms | $221.7K | - | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Mansfield 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 did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Blue Ridge Township | $204.9K | $167K | -18.5% |
Mansfield | $221.7K | $167K | -24.7% |
Housing Supply in Mansfield, IL
How many homes are available in Mansfield, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Summary: The Mansfield real estate market had 7 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 5 | +150.0% |
3 Bedrooms | 5 | 2 | -60.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mansfield 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 increased by 150%, 3 bedroom homes decreased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Mansfield in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mansfield, IL
How long does it take to sell a home in Mansfield, IL?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 Days | 5 Days | -76.7% |
Summary: Homes in Mansfield had an average of 5 days on market in May 2024, down by 76.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Mansfield; 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.