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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Havana is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Havana, IL

How much do homes in Havana, IL cost?

Median Sold Price

$72,500

$61/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$9,000(-11.0%)

Key Takeaway

Homes in Havana have sold for 11% less than they did a year ago.

Summary: The median home sold price in Havana was $72,500 in November 2024, down 11% from last year, and the median price per square foot was $61.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $77.5K-
N/A
2 $64.9K$52K
-19.9%
3 $80K$119K
+48.8%
4 $117.9K$145K
+22.9%
5+ $125K$53.5K
-57.2%

Summary: Havana housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.9%, 3 bedroom homes increased by 48.8%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes decreased by 57.2%.

Median Sold Price Compared To Nearby Cities

Havana
-11.0%
Havana Township
-11.0%

Housing Supply in Havana, IL

How many homes are available in Havana, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1617+6.3%

Summary: The Havana real estate market had 17 homes for sale in November 2024, a 6.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 55
0.0%
3 79
+28.6%
4 43
-25.0%
5+ 00
0.0%

Summary: The Havana housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
440.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Havana, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Havana in November 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Havana, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
96 Days87 Days-9.6%

Summary: Homes in Havana had an average of 87 days on market in Nov 2024, down by 9.6% compared to last year.

Breakdown of Home Sale Times

2 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 Havana are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Havana; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 3 Days Ago

Newest Listings in Havana, IL

Nearby Markets to Havana, IL

What housing markets are near Havana, IL?