Is Le Roy, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Le Roy is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Le Roy has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Le Roy, IL

How much do homes in Le Roy, IL cost?

Median Sold Price

$200,000

$103/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$130,000(+185.7%)

Key Takeaway

Homes in Le Roy have sold for 185.7% more than they did a month ago.

Summary: The median home sold price in Le Roy was $200,000 in February 2024, up 185.7% from last month, and the median price per square foot was $103.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $91K$265K
+191.2%
3 $70K$200K
+185.7%
4 -$117K
N/A
5+ --
N/A

Summary: Le Roy housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 191.2%, 3 bedroom homes increased by 185.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Le Roy
+185.7%
Empire Township
+185.7%

Housing Supply in Le Roy, IL

How many homes are available in Le Roy, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
14140.0%

Summary: The Le Roy real estate market had 14 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 911
+22.2%
4 22
0.0%
5+ 00
0.0%

Summary: The Le Roy housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
330.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Le Roy, 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 Le Roy in February 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Le Roy, IL

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

Average Sale Time

Jan 2024Feb 2024CHANGE
15 Days13 Days-15.2%

Summary: Homes in Le Roy had an average of 13 days on market in Feb 2024, down by 15.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 3 homes were sold in Le Roy; 67% of homes were sold within 30 days, 33% 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 28 Days Ago

Newest Listings in Le Roy, IL

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