Is Mansfield, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mansfield has remained a Seller's Market.
Housing Prices in Mansfield, IL
How much do homes in Mansfield, IL cost?
Median Sold Price
$190,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mansfield was $190,000 in April 2024, up 18.6% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $38.5K | N/A |
2 Bedrooms | $79.9K | $128.5K | +60.7% |
3 Bedrooms | $155.4K | $211K | +35.8% |
4 Bedrooms | $208K | $221.7K | +6.6% |
5+ Bedrooms | - | $95K | N/A |
Summary: Mansfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60.7%, 3 bedroom homes increased by 35.8%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Mansfield | $160.2K | $190K | +18.6% |
Blue Ridge Township | $199.9K | $184.5K | -7.7% |
Housing Supply in Mansfield, IL
How many homes are available in Mansfield, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Summary: The Mansfield real estate market had 7 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mansfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Mansfield in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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 2023 | Apr 2024 | CHANGE |
---|---|---|
307 Days | 21 Days | -93.0% |
Summary: Homes in Mansfield had an average of 21 days on market in Apr 2024, down by 93% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Mansfield; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.