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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Freeburg is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Freeburg, IL

How much do homes in Freeburg, IL cost?

Median Sold Price

$278,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$41,000(+17.3%)

Key Takeaway

Homes in Freeburg have sold for 17.3% more than they did a year ago.

Summary: The median home sold price in Freeburg was $278,000 in March 2024, up 17.3% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $103K$135K
+31.1%
3 $215.7K$260K
+20.5%
4 $353.7K$397.4K
+12.4%
5+ $360K$447K
+24.2%

Summary: Freeburg 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 31.1%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 24.2%.

Median Sold Price Compared To Nearby Cities

Belleville Township
+17.9%
Freeburg
+17.3%
Freeburg Township
+15.5%
Shiloh Valley Township
+13.2%
Smithton Township
+1.6%

Housing Supply in Freeburg, IL

How many homes are available in Freeburg, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1113+18.2%

Summary: The Freeburg real estate market had 13 homes for sale in March 2024, a 18.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 67
+16.7%
4 45
+25.0%
5+ 11
0.0%

Summary: The Freeburg 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 16.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Freeburg, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Freeburg in March 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Freeburg, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
78 Days56 Days-27.4%

Summary: Homes in Freeburg had an average of 56 days on market in Mar 2024, down by 27.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 3 homes were sold in Freeburg; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 Freeburg, IL

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