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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beecher is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Beecher has remained a Seller's Market.

Key Takeaway

Beecher is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Beecher, IL

How much do homes in Beecher, IL cost?

Median Sold Price

$289,900

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$19,900(+7.4%)

Key Takeaway

Homes in Beecher have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in Beecher was $289,900 in June 2024, up 7.4% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $128.8K$630K
+389.1%
2 $219.9K$235K
+6.8%
3 $276K$291.9K
+5.8%
4 $320K$305K
-4.7%
5+ -$430K
N/A

Summary: Beecher housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 389.1%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Beecher
+7.4%
Washington Township
-4.9%

Housing Supply in Beecher, IL

How many homes are available in Beecher, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
3029-3.3%

Summary: The Beecher real estate market had 29 homes for sale in June 2024, a 3.3% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1413
-7.1%
4 1211
-8.3%
5+ 12
+100.0%

Summary: The Beecher housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beecher, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Beecher in June 2024, down by 9.1% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.

Days on Market for Beecher, IL

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

Average Sale Time

Jun 2023Jun 2024CHANGE
17 Days55 Days+222.9%

Summary: Homes in Beecher had an average of 55 days on market in Jun 2024, up by 222.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 10 homes were sold in Beecher; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 26 Days Ago

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