Is Bunker Hill, 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, Bunker Hill has remained a Seller's Market.
Key Takeaway
Bunker Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bunker Hill, IL
How much do homes in Bunker Hill, IL cost?
Median Sold Price
$143,500
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bunker Hill have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Bunker Hill was $143,500 in April 2024, up 1.8% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $115.9K | +93.2% |
| 2 Bedrooms | $133.7K | $134.2K | 0.4% |
| 3 Bedrooms | $139.9K | $160K | +14.4% |
| 4 Bedrooms | $262.4K | $135K | -48.6% |
| 5+ Bedrooms | $300K | - | N/A |
Summary: Bunker Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93.2%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 48.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bunker Hill Township | $139.9K | $146.7K | +4.9% |
| Bunker Hill | $141K | $143.5K | +1.8% |
Housing Supply in Bunker Hill, IL
How many homes are available in Bunker Hill, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Summary: The Bunker Hill real estate market had 8 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bunker Hill 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 remained the same, 3 bedroom homes remained the same, 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
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bunker Hill, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Bunker Hill in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Bunker Hill, IL
How long does it take to sell a home in Bunker Hill, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 103 Days | 95 Days | -8.1% |
Summary: Homes in Bunker Hill had an average of 95 days on market in Apr 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bunker Hill has remained consistent over time.
Summary: During April 2024, 4 homes were sold in Bunker Hill; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.