Is Kincaid, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Kincaid has remained a Seller's Market.
Key Takeaway
Kincaid is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kincaid, IL
How much do homes in Kincaid, IL cost?
Median Sold Price
$92,000
$63/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kincaid have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Kincaid was $92,000 in March 2024, down 1.1% from last year, and the median price per square foot was $63.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $61.9K | $71.2K | +14.9% |
| 3 Bedrooms | $98K | $106K | +8.2% |
| 4 Bedrooms | $139.5K | $213K | +52.7% |
| 5+ Bedrooms | - | $170K | N/A |
Summary: Kincaid 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 increased by 14.9%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 52.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| South Fork Township | $86.5K | $90.9K | +5.1% |
| Kincaid | $93K | $92K | -1.1% |
Housing Supply in Kincaid, IL
How many homes are available in Kincaid, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Summary: The Kincaid real estate market had 5 homes for sale in March 2024, a 28.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Kincaid 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 increased by 33.3%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kincaid, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Kincaid in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Kincaid, IL
How long does it take to sell a home in Kincaid, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 4 Days | 27 Days | +511.1% |
Summary: Homes in Kincaid had an average of 27 days on market in Mar 2024, up by 511.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kincaid are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Kincaid; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.