Is Freeburg, 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, Freeburg has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $103K | $135K | +31.1% |
3 Bedrooms | $215.7K | $260K | +20.5% |
4 Bedrooms | $353.7K | $397.4K | +12.4% |
5+ Bedrooms | $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 | $151.7K | $178.8K | +17.9% |
Freeburg | $237K | $278K | +17.3% |
Freeburg Township | $242.5K | $280K | +15.5% |
Shiloh Valley Township | $318K | $360K | +13.2% |
Smithton Township | $273.5K | $278K | +1.6% |
Housing Supply in Freeburg, IL
How many homes are available in Freeburg, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 13 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 1 | 1 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
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 2023 | Mar 2024 | CHANGE |
---|---|---|
78 Days | 56 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
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.