Is Gibson City, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Gibson City was a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89K | - | N/A |
2 Bedrooms | $87K | $90K | +3.4% |
3 Bedrooms | $134.9K | $190K | +40.8% |
4 Bedrooms | $180K | $232K | +28.9% |
5+ Bedrooms | $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 | $115K | $173K | +50.4% |
Drummer Township | $125K | $171.5K | +37.2% |
Housing Supply in Gibson City, IL
How many homes are available in Gibson City, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 11 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 2 | 2 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 1 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
200 Days | 12 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
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.