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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hinsbrook is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Hinsbrook, IL

How much do homes in Hinsbrook, IL cost?

Median Sold Price

$420,000

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$26,000(+6.6%)

Key Takeaway

Homes in Hinsbrook have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Hinsbrook was $420,000 in April 2024, up 6.6% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $375K$410K
+9.3%
4 $416K$425K
+2.2%
5+ $387K$450K
+16.3%

Summary: Hinsbrook housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 16.3%.

Median Sold Price Compared To Nearby Neighborhoods

Timber Lake Estates
+8.1%
Hinsbrook
+6.6%

Housing Supply in Hinsbrook, IL

How many homes are available in Hinsbrook, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
56+20.0%

Summary: The Hinsbrook real estate market had 6 homes for sale in April 2024, a 20.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 23
+50.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Hinsbrook housing inventory by bedroom type for April 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hinsbrook, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Hinsbrook in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Hinsbrook, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
5 Days63 Days+1050.0%

Summary: Homes in Hinsbrook had an average of 63 days on market in Apr 2024, up by 1050% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 4 homes were sold in Hinsbrook; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 5 Days Ago

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