Is Coal City, 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, Coal City has remained a Seller's Market.
Housing Prices in Coal City, IL
How much do homes in Coal City, IL cost?
Median Sold Price
$270,750
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Coal City was $270,750 in March 2024, up 29% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $82.4K | N/A |
2 Bedrooms | $160K | $198K | +23.8% |
3 Bedrooms | $210K | $255K | +21.4% |
4 Bedrooms | $287.5K | $370K | +28.7% |
5+ Bedrooms | $312.5K | $405K | +29.6% |
Summary: Coal City 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 23.8%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 28.7%, and 5+ bedroom homes increased by 29.6%.
Median Sold Price Compared To Nearby Cities
Coal City | $209.9K | $270.7K | +29.0% |
Felix Township | $225K | $276.5K | +22.9% |
Braceville Township | $209.9K | $237K | +12.9% |
Housing Supply in Coal City, IL
How many homes are available in Coal City, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 19 | -5.0% |
Summary: The Coal City real estate market had 19 homes for sale in March 2024, a 5.0% decrease 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 | 2 | 2 | 0.0% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Coal City 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 increased by 7.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Coal City in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Coal City, IL
How long does it take to sell a home in Coal City, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 10 Days | -75.2% |
Summary: Homes in Coal City had an average of 10 days on market in Mar 2024, down by 75.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Coal City; 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.