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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ivanhoe is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Ivanhoe, IL

How much do homes in Ivanhoe, IL cost?

Median Sold Price

$130,000

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$5,000(+4.0%)

Key Takeaway

Homes in Ivanhoe have sold for 4% more than they did a year ago.

Summary: The median home sold price in Ivanhoe was $130,000 in April 2024, up 4% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $110K$120K
+9.1%
3 $145K$139.9K
-3.5%
4 $140K$132K
-5.7%
5+ $140K$118.7K
-15.2%

Summary: Ivanhoe 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 increased by 9.1%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 15.2%.

Housing Supply in Ivanhoe, IL

How many homes are available in Ivanhoe, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4355+27.9%

Summary: The Ivanhoe real estate market had 55 homes for sale in April 2024, a 27.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1520
+33.3%
3 2429
+20.8%
4 45
+25.0%
5+ 01
+100.0%

Summary: The Ivanhoe 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 increased by 33.3%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
711+57.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 11 homes were sold or pending in Ivanhoe in April 2024, up by 57.1% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.

Days on Market for Ivanhoe, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
62 Days43 Days-31.2%

Summary: Homes in Ivanhoe had an average of 43 days on market in Apr 2024, down by 31.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 11 homes were sold in Ivanhoe; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% 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

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