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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mansfield is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Mansfield was a Seller's Market.

Key Takeaway

Mansfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

-$54,700(-24.7%)

Key Takeaway

Homes in Mansfield have sold for 24.7% less than they did a month ago.

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

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 -$167K
N/A
3 $221.7K-
N/A
4 --
N/A
5+ --
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
-18.5%
Mansfield
-24.7%

Housing Supply in Mansfield, IL

How many homes are available in Mansfield, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
770.0%

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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 25
+150.0%
3 52
-60.0%
4 00
0.0%
5+ 00
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 2024May 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mansfield, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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 2024May 2024CHANGE
21 Days5 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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 Mansfield, IL

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