Is Old Mill Creek, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Mill Creek is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Old Mill Creek was a Seller's Market.

Key Takeaway

Old Mill Creek is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Old Mill Creek, IL

How much do homes in Old Mill Creek, IL cost?

Median Sold Price

$430,000

$196/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$285,000(-39.9%)

Key Takeaway

Homes in Old Mill Creek have sold for 39.9% less than they did a month ago.

Summary: The median home sold price in Old Mill Creek was $430,000 in May 2024, down 39.9% from last month, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 -$430K
N/A
5+ $715K-
N/A

Summary: Old Mill Creek 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.

Housing Supply in Old Mill Creek, IL

How many homes are available in Old Mill Creek, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
36+100.0%

Summary: The Old Mill Creek real estate market had 6 homes for sale in May 2024, a 100.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 03
+100.0%
4 23
+50.0%
5+ 10
-100.0%

Summary: The Old Mill Creek 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Old Mill Creek, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Old Mill Creek in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Old Mill Creek, IL

How long does it take to sell a home in Old Mill Creek, IL?

Average Sale Time

Apr 2024May 2024CHANGE
9 Days8 Days-11.1%

Summary: Homes in Old Mill Creek had an average of 8 days on market in May 2024, down by 11.1% 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 Old Mill Creek are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 1 homes were sold in Old Mill Creek; 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 Old Mill Creek, IL

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