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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gillespie is a seller's market

Buyer's
Market

Difference Since July 2021

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

Key Takeaway

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

How much do homes in Gillespie, IL cost?

Median Sold Price

$84,950

$69/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$3,700(+4.6%)

Key Takeaway

Homes in Gillespie have sold for 4.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 --
N/A
2 $74.5K$73.2K
-1.7%
3 $80.9K$102.5K
+26.6%
4 $88K$99K
+12.5%
5+ -$194.4K
N/A

Median Sold Price Compared To Nearby Cities

Gillespie
+4.6%
Gillespie Township
+4.3%
Cahokia Township
-12.5%

How many homes are available in Gillespie, IL?

Number of Homes For Sale

Jun 2022Jul 2022%
2227+22.7%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 79
+28.6%
3 1214
+16.7%
4 24
+100.0%
5+ 10
-100.0%

Number of Homes Sold

Jun 2022Jul 2022%
65-16.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gillespie, expect to pay close to the asking price. 80% of homes here sold near the asking price last month.

Average Sale Time

Jul 2021Jul 2022%
44 Days38 Days-12.3%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Gillespie, IL

Gillespie, IL has 27 homes for sale to choose from. The number of listings in Gillespie, IL increased by 22.7% between June 2022 and July 2022. In July 2022 median list price was $84,950 and the average listing age was 38 days. This housing market listing prices have changed between June 2022 and July 2022: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties became 1.7% more cheaper, prices of 3 bedrooms properties went up by 26.6%, 4 bedrooms properties prices increased by 12.5%, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went up by 28.6%, 3 bedrooms homes inventory increased by 16.7%, 4 bedrooms homes inventory increased by 100%, the quantity of 5 bedrooms homes went down by 100%. In July 2022, from all listings sold in Gillespie, IL there were more than 1 sold above asking price, over 0 sold below and more than 4 were sold right at the asked price.

Related Housing Market Reports