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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gilman is a buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Gilman, IL

How much do homes in Gilman, IL cost?

Median Sold Price

$145,000

$101/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$24,500(+20.3%)

Key Takeaway

Homes in Gilman have sold for 20.3% more than they did a year ago.

Summary: The median home sold price in Gilman was $145,000 in September 2024, up 20.3% from last year, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $48.9K$61.5K
+25.6%
3 $123K$165K
+34.1%
4 --
N/A
5+ $225K-
N/A

Summary: Gilman housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.6%, 3 bedroom homes increased by 34.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Douglas Township
+28.6%
Gilman
+20.3%

Housing Supply in Gilman, IL

How many homes are available in Gilman, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
78+14.3%

Summary: The Gilman real estate market had 8 homes for sale in September 2024, a 14.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 23
+50.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Gilman housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
110.0%

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 Gilman, 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 Gilman in September 2024, the same as the previous 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 Gilman, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
128 Days124 Days-3.5%

Summary: Homes in Gilman had an average of 124 days on market in Sep 2024, down by 3.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Gilman are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 1 homes were sold in Gilman; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 10 Days Ago

Newest Listings in Gilman, IL

Nearby Markets to Gilman, IL