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 October 2023

Since last year, 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

$195,000

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,100(+17.5%)

Key Takeaway

Homes in Le Roy have sold for 17.5% more than they did a year ago.

Summary: The median home sold price in Le Roy was $195,000 in October 2024, up 17.5% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $48K-
N/A
2 $125K$141.1K
+12.9%
3 $167.5K$195K
+16.4%
4 $202K$215.5K
+6.7%
5+ $220K$227.5K
+3.4%

Summary: Le Roy housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 3.4%.

Median Sold Price Compared To Nearby Cities

Le Roy
+17.5%
Empire Township
+14.9%

Housing Supply in Le Roy, IL

How many homes are available in Le Roy, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2219-13.6%

Summary: The Le Roy real estate market had 19 homes for sale in October 2024, a 13.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1611
-31.3%
4 23
+50.0%
5+ 11
0.0%

Summary: The Le Roy housing inventory by bedroom type for October 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 31.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

2 Homes Were 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 Le Roy, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Le Roy in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Oct 2023Oct 2024CHANGE
7 Days22 Days+221.4%

Summary: Homes in Le Roy had an average of 22 days on market in Oct 2024, up by 221.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were 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 October 2024, 4 homes were sold in Le Roy; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Le Roy, IL

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