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 May 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

$285,000

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,000(+3.6%)

Key Takeaway

Homes in Beecher have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Beecher was $285,000 in May 2024, up 3.6% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $128.8K$630K
+389.1%
2 $187.5K$240K
+28.0%
3 $275.5K$285K
+3.4%
4 $325K$315.5K
-2.9%
5+ -$452.5K
N/A

Summary: Beecher housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 389.1%, 2 bedroom homes increased by 28%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Beecher
+3.6%
Washington Township
-6.6%

Housing Supply in Beecher, IL

How many homes are available in Beecher, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3132+3.2%

Summary: The Beecher real estate market had 32 homes for sale in May 2024, a 3.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1414
0.0%
4 1315
+15.4%
5+ 10
-100.0%

Summary: The Beecher 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 remained the same, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were 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. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Beecher in May 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% 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

May 2023May 2024CHANGE
94 Days27 Days-70.5%

Summary: Homes in Beecher had an average of 27 days on market in May 2024, down by 70.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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 May 2024, 7 homes were sold in Beecher; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 12 Days Ago

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