Is Indian Creek, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Indian Creek is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Indian Creek was a Neutral Market.

Key Takeaway

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

Housing Prices in Indian Creek, IL

How much do homes in Indian Creek, IL cost?

Median Sold Price

$480,000

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,000(+4.3%)

Key Takeaway

Homes in Indian Creek have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Indian Creek was $480,000 in March 2024, up 4.3% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $435K$480K
+10.3%
4 $581K$803.8K
+38.4%
5+ -$401K
N/A

Summary: Indian Creek housing prices by bedroom type for March 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 10.3%, 4 bedroom homes increased by 38.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mundelein
+22.1%
Vernon Hills
+6.4%
Indian Creek
+4.3%
Vernon Township
+3.2%

Housing Supply in Indian Creek, IL

How many homes are available in Indian Creek, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
45+25.0%

Summary: The Indian Creek real estate market had 5 homes for sale in March 2024, a 25.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 12
+100.0%
4 22
0.0%
5+ 11
0.0%

Summary: The Indian Creek housing inventory by bedroom type for March 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 2 homes were sold or pending in Indian Creek in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Indian Creek, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
5 Days13 Days+160.0%

Summary: Homes in Indian Creek had an average of 13 days on market in Mar 2024, up by 160% compared to last year.

Breakdown of Home Sale Times

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

Summary: During March 2024, 2 homes were sold in Indian Creek; 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 23 Days Ago

Newest Listings in Indian Creek, IL

Nearby Markets to Indian Creek, IL

What housing markets are near Indian Creek, IL?