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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Herrin is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Herrin, IL cost?

Median Sold Price

$91,000

$66/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since August 2021.

Key Takeaway

The sold price of homes in Herrin has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 -$45.3K
N/A
2 $58.9K$57K
-3.2%
3 $87.7K$121K
+37.9%
4 $169.9K$242.5K
+42.7%
5+ $178K$67.5K
-62.1%

Median Sold Price Compared To Nearby Cities

Carterville
+16.7%
Herrin
0.0%
Blairsville
-8.0%

How many homes are available in Herrin, IL?

Number of Homes For Sale

Jul 2022Aug 2022%
9493-1.1%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 01
+100.0%
2 3031
+3.3%
3 4546
+2.2%
4 159
-40.0%
5+ 46
+50.0%

Number of Homes Sold

Jul 2022Aug 2022%
2122+4.8%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Herrin, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
47 Days35 Days-26.3%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Herrin 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 Herrin, IL

There are 93 homes are for sale in Herrin, IL real estate market. The inventory of homes for sale in Herrin, IL between July 2022 and August 2022 decreased by 1.1%. In August 2022 median list price was $91,000 and the average listing age was 35 days. This housing market listing prices have changed between July 2022 and August 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went down by 3.2%, prices of 3 bedrooms properties increased by 37.9%, the cost of 4 bedrooms properties went up by 42.7%, 5 bedrooms properties became 62.1% more cheaper. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 100% more available, the quantity of 2 bedrooms homes went up by 3.3%, 3 bedrooms homes became 2.2% more available, number of 4 bedrooms homes decreased by 40%, 5 bedrooms homes became 50% more available. While more than 5 listings in Herrin, IL in August 2022 were sold above asking price, there were more than 5 listings sold at asking price, and more than 12 were sold below.

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