Is Metamora, 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, Metamora has remained a Seller's Market.
Key Takeaway
Metamora is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Metamora, IL
How much do homes in Metamora, IL cost?
Median Sold Price
$268,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Metamora have sold for 46% more than they did a year ago.
Summary: The median home sold price in Metamora was $268,000 in March 2024, up 46% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $162.5K | $140K | -13.8% |
| 3 Bedrooms | $175K | $205K | +17.1% |
| 4 Bedrooms | $206K | $297.5K | +44.4% |
| 5+ Bedrooms | $317.7K | $422K | +32.8% |
Summary: Metamora 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 13.8%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 32.8%.
Median Sold Price Compared To Nearby Cities
| Metamora | $183.5K | $268K | +46.0% |
| Metamora Township | $185K | $268K | +44.9% |
| Worth Township | $249.4K | $260K | +4.2% |
Housing Supply in Metamora, IL
How many homes are available in Metamora, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The Metamora real estate market had 15 homes for sale in March 2024, a 11.8% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Metamora 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Metamora, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Metamora in March 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Metamora, IL
How long does it take to sell a home in Metamora, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 94 Days | 16 Days | -83.0% |
Summary: Homes in Metamora had an average of 16 days on market in Mar 2024, down by 83% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Metamora are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Metamora; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.