Is Hunting Ridge, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hunting Ridge is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Hunting Ridge has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Hunting Ridge, IL

How much do homes in Hunting Ridge, IL cost?

Median Sold Price

$625,119

$218/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$57,619(+10.2%)

Key Takeaway

Homes in Hunting Ridge have sold for 10.2% more than they did a month ago.

Summary: The median home sold price in Hunting Ridge was $625,119 in April 2024, up 10.2% from last month, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 -$725K
N/A
4 $567.5K$552.5K
-2.6%
5+ --
N/A

Summary: Hunting Ridge housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes did not change.

Housing Supply in Hunting Ridge, IL

How many homes are available in Hunting Ridge, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
65-16.7%

Summary: The Hunting Ridge real estate market had 5 homes for sale in April 2024, a 16.7% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 42
-50.0%
5+ 12
+100.0%

Summary: The Hunting Ridge 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 remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hunting Ridge, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Hunting Ridge in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Hunting Ridge, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
6 Days6 Days+11.1%

Summary: Homes in Hunting Ridge had an average of 6 days on market in Apr 2024, up by 11.1% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hunting Ridge are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 3 homes were sold in Hunting Ridge; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

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