Is College Trail, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing College Trail is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, College Trail was a Seller's Market.

Key Takeaway

College Trail is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in College Trail, IL

How much do homes in College Trail, IL cost?

Median Sold Price

$280,000

$147/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$32,500(+13.1%)

Key Takeaway

Homes in College Trail have sold for 13.1% more than they did a month ago.

Summary: The median home sold price in College Trail was $280,000 in March 2024, up 13.1% from last month, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $250K-
N/A
3 $245K$280K
+14.3%
4 --
N/A
5+ --
N/A

Summary: College Trail 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 14.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in College Trail, IL

How many homes are available in College Trail, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
98-11.1%

Summary: The College Trail real estate market had 8 homes for sale in March 2024, a 11.1% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 44
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The College Trail 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 25%, 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
41-75.0%

Asking Price vs. Sold Price

0 Homes Were 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 College Trail, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in College Trail in March 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for College Trail, IL

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

Average Sale Time

Feb 2024Mar 2024CHANGE
27 Days29 Days+6.4%

Summary: Homes in College Trail had an average of 29 days on market in Mar 2024, up by 6.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 College Trail are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1 homes were sold in College Trail; 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 29 Days Ago

Newest Listings in College Trail, IL

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