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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Posen is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Posen was a Seller's Market.

Key Takeaway

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

Housing Prices in Posen, IL

How much do homes in Posen, IL cost?

Median Sold Price

$185,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$9,000(+5.1%)

Key Takeaway

Homes in Posen have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Posen was $185,000 in May 2024, up 5.1% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $123K$119.5K
-2.8%
3 $169.4K$181.4K
+7.1%
4 $207.5K$234K
+12.8%
5+ $250K$275K
+10.0%

Summary: Posen 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 decreased by 2.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Cities

Markham
+16.4%
Dixmoor
+13.3%
Posen
+5.1%
Harvey
+4.4%
Blue Island
-0.7%

Housing Supply in Posen, IL

How many homes are available in Posen, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1013+30.0%

Summary: The Posen real estate market had 13 homes for sale in May 2024, a 30.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 58
+60.0%
4 21
-50.0%
5+ 23
+50.0%

Summary: The Posen 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 60%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Posen, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Posen in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Posen, IL

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

Average Sale Time

May 2023May 2024CHANGE
35 Days72 Days+102.8%

Summary: Homes in Posen had an average of 72 days on market in May 2024, up by 102.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Posen has remained consistent over time.

Summary: During May 2024, 1 homes were sold in Posen; 0% of homes were sold within 30 days, 100% 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 Posen, IL

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