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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cedarville is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Cedarville has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Cedarville, IL

How much do homes in Cedarville, IL cost?

Median Sold Price

$155,500

$112/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$5,500(+3.7%)

Key Takeaway

Homes in Cedarville have sold for 3.7% more than they did a month ago.

Summary: The median home sold price in Cedarville was $155,500 in March 2024, up 3.7% from last month, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $150K$155.5K
+3.7%
4 --
N/A
5+ --
N/A

Summary: Cedarville housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cedarville
+3.7%
Buckeye Township
-3.3%

Housing Supply in Cedarville, IL

How many homes are available in Cedarville, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
330.0%

Summary: The Cedarville real estate market had 3 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 33
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Cedarville 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 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

Feb 2024Mar 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cedarville, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Cedarville in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Cedarville, IL

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

Average Sale Time

Feb 2024Mar 2024CHANGE
130 Days9 Days-92.7%

Summary: Homes in Cedarville had an average of 9 days on market in Mar 2024, down by 92.7% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 2 homes were sold in Cedarville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 24 Days Ago

Newest Listings in Cedarville, IL

Nearby Markets to Cedarville, IL