Is Breese, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Breese has remained a Seller's Market.
Key Takeaway
Breese is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Breese, IL
How much do homes in Breese, IL cost?
Median Sold Price
$240,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Breese have sold for 26.3% more than they did a year ago.
Summary: The median home sold price in Breese was $240,000 in March 2024, up 26.3% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $47K | - | N/A |
| 2 Bedrooms | $154.9K | $196K | +26.5% |
| 3 Bedrooms | $194K | $240K | +23.7% |
| 4 Bedrooms | $229.9K | $241K | +4.8% |
| 5+ Bedrooms | $190K | $262.5K | +38.2% |
Summary: Breese housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.5%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 38.2%.
Median Sold Price Compared To Nearby Cities
| Breese | $189.9K | $240K | +26.3% |
| Breese Township | $191.5K | $240K | +25.3% |
Housing Supply in Breese, IL
How many homes are available in Breese, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Summary: The Breese real estate market had 11 homes for sale in March 2024, a 37.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Breese housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Breese, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Breese in March 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Breese, IL
How long does it take to sell a home in Breese, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 53 Days | 37 Days | -30.6% |
Summary: Homes in Breese had an average of 37 days on market in Mar 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Breese has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Breese; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.