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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Leland is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Leland, IL

How much do homes in Leland, IL cost?

Median Sold Price

$92,700

$37/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$241,300(-72.2%)

Key Takeaway

Homes in Leland have sold for 72.2% less than they did a month ago.

Summary: The median home sold price in Leland was $92,700 in April 2024, down 72.2% from last month, and the median price per square foot was $37.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $375K-
N/A
4 --
N/A
5+ $293K$92.7K
-68.4%

Summary: Leland housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 68.4%.

Median Sold Price Compared To Nearby Cities

Adams Township
-70.0%
Leland
-72.2%

Housing Supply in Leland, IL

How many homes are available in Leland, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
64-33.3%

Summary: The Leland real estate market had 4 homes for sale in April 2024, a 33.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 10
-100.0%
4 22
0.0%
5+ 21
-50.0%

Summary: The Leland 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 remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Leland, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Leland in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Leland, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
44 Days143 Days+225.0%

Summary: Homes in Leland had an average of 143 days on market in Apr 2024, up by 225% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Leland are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 1 homes were sold in Leland; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 9 Days Ago

Newest Listings in Leland, IL

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