Is Marseilles, 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, Marseilles has remained a Seller's Market.
Housing Prices in Marseilles, IL
How much do homes in Marseilles, IL cost?
Median Sold Price
$185,000
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Marseilles was $185,000 in March 2024, up 15.6% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $173.5K | - | N/A |
2 Bedrooms | $130.9K | $120K | -8.4% |
3 Bedrooms | $185K | $230K | +24.3% |
4 Bedrooms | $175K | $260K | +48.5% |
5+ Bedrooms | $50K | $217.5K | +335.0% |
Summary: Marseilles 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 decreased by 8.4%, 3 bedroom homes increased by 24.3%, 4 bedroom homes increased by 48.5%, and 5+ bedroom homes increased by 335%.
Median Sold Price Compared To Nearby Cities
Marseilles | $160K | $185K | +15.6% |
Manlius Township | $198.9K | $165.9K | -16.6% |
Housing Supply in Marseilles, IL
How many homes are available in Marseilles, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 23 | -8.0% |
Summary: The Marseilles real estate market had 23 homes for sale in March 2024, a 8.0% 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 | 8 | 3 | -62.5% |
3 Bedrooms | 14 | 14 | 0.0% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Marseilles 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 decreased by 62.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 5 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Marseilles in March 2024, down by 50.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Marseilles, IL
How long does it take to sell a home in Marseilles, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 33 Days | -46.6% |
Summary: Homes in Marseilles had an average of 33 days on market in Mar 2024, down by 46.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Marseilles; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.