Is Gillespie, 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, Gillespie has remained a Seller's Market.
Housing Prices in Gillespie, IL
How much do homes in Gillespie, IL cost?
Median Sold Price
$110,000
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Gillespie was $110,000 in March 2024, up 29.4% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $69.5K | $89.4K | +28.7% |
3 Bedrooms | $139K | $106K | -23.7% |
4 Bedrooms | $170K | $162.5K | -4.4% |
5+ Bedrooms | $175K | $119K | -32.0% |
Summary: Gillespie 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 28.7%, 3 bedroom homes decreased by 23.7%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 32%.
Median Sold Price Compared To Nearby Cities
Gillespie | $85K | $110K | +29.4% |
Gillespie Township | $89K | $111.5K | +25.3% |
Cahokia Township | $90K | $83K | -7.8% |
Housing Supply in Gillespie, IL
How many homes are available in Gillespie, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 18 | +5.9% |
Summary: The Gillespie real estate market had 18 homes for sale in March 2024, a 5.9% 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 | 6 | 6 | 0.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Gillespie 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 remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Gillespie in March 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Gillespie, IL
How long does it take to sell a home in Gillespie, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
0 Days | 59 Days | +8840.0% |
Summary: Homes in Gillespie had an average of 59 days on market in Mar 2024, up by 8840% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Gillespie; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.