Is Gibson City, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gibson City is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Gibson City was a Seller's Market.

Key Takeaway

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

Housing Prices in Gibson City, IL

How much do homes in Gibson City, IL cost?

Median Sold Price

$173,000

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$58,000(+50.4%)

Key Takeaway

Homes in Gibson City have sold for 50.4% more than they did a year ago.

Summary: The median home sold price in Gibson City was $173,000 in March 2024, up 50.4% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $89K-
N/A
2 $87K$90K
+3.4%
3 $134.9K$190K
+40.8%
4 $180K$232K
+28.9%
5+ $165K$220K
+33.3%

Summary: Gibson 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 3.4%, 3 bedroom homes increased by 40.8%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes increased by 33.3%.

Median Sold Price Compared To Nearby Cities

Gibson City
+50.4%
Drummer Township
+37.2%

Housing Supply in Gibson City, IL

How many homes are available in Gibson City, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1011+10.0%

Summary: The Gibson City real estate market had 11 homes for sale in March 2024, a 10.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 67
+16.7%
4 12
+100.0%
5+ 22
0.0%

Summary: The Gibson 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 decreased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gibson City, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Gibson City in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Gibson City, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
200 Days12 Days-94.0%

Summary: Homes in Gibson City had an average of 12 days on market in Mar 2024, down by 94% compared to last year.

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 Gibson City are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1 homes were sold in Gibson 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Gibson City, IL

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