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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McGovney is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in McGovney, IL

How much do homes in McGovney, IL cost?

Median Sold Price

$234,150

$120/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$90,750(-27.9%)

Key Takeaway

Homes in McGovney have sold for 27.9% less than they did a month ago.

Summary: The median home sold price in McGovney was $234,150 in April 2024, down 27.9% from last month, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $324.9K$234.1K
-27.9%
5+ --
N/A

Summary: McGovney 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 decreased by 27.9%, and 5+ bedroom homes did not change.

Housing Supply in McGovney, IL

How many homes are available in McGovney, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
330.0%

Summary: The McGovney real estate market had 3 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 01
+100.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The McGovney 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 increased by 100%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McGovney, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in McGovney in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for McGovney, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
6 Days8 Days+33.3%

Summary: Homes in McGovney had an average of 8 days on market in Apr 2024, up by 33.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 1 homes were sold in McGovney; 100% of homes were sold within 30 days, 0% 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 3 Days Ago

Newest Listings in McGovney, IL

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