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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clearing is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Clearing, IL

How much do homes in Clearing, IL cost?

Median Sold Price

$290,000

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$5,000(+1.8%)

Key Takeaway

Homes in Clearing have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Clearing was $290,000 in April 2024, up 1.8% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $111.5K$124.9K
+12.0%
2 $185K$197K
+6.5%
3 $295K$310K
+5.1%
4 $337.5K$340K
+0.7%
5+ $369.9K$450K
+21.7%

Summary: Clearing housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 21.7%.

Median Sold Price Compared To Nearby Neighborhoods

Chrysler Village
+14.2%
Garfield Ridge
+2.8%
Clearing
+1.8%
West Lawn
+0.9%

Housing Supply in Clearing, IL

How many homes are available in Clearing, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4860+25.0%

Summary: The Clearing real estate market had 60 homes for sale in April 2024, a 25.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 24
+100.0%
2 2017
-15.0%
3 1825
+38.9%
4 67
+16.7%
5+ 27
+250.0%

Summary: The Clearing housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 38.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 250%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
18180.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clearing, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Clearing in April 2024, the same as the previous month. Of the 18 sold homes, 17% were sold under asking, 6% were sold at asking, and 78% were sold over asking.

Days on Market for Clearing, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
46 Days15 Days-65.9%

Summary: Homes in Clearing had an average of 15 days on market in Apr 2024, down by 65.9% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 18 homes were sold in Clearing; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% 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 4 Days Ago

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