Is New City, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, New City was a Seller's Market.
Housing Prices in New City, IL
How much do homes in New City, IL cost?
Median Sold Price
$238,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New City was $238,000 in April 2024, up 16.7% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $196.4K | $204K | +3.8% |
2 Bedrooms | $155K | $247.2K | +59.5% |
3 Bedrooms | $200K | $260K | +30.0% |
4 Bedrooms | $169.5K | $214K | +26.3% |
5+ Bedrooms | $249K | $255K | +2.4% |
Summary: New City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 59.5%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
New City | $204K | $238K | +16.7% |
Bridgeport | $455K | $465K | +2.2% |
Canaryville | $340K | $327.5K | -3.7% |
McKinley Park | $342.5K | $302.5K | -11.7% |
Housing Supply in New City, IL
How many homes are available in New City, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 93 | +38.8% |
Summary: The New City real estate market had 93 homes for sale in April 2024, a 38.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 14 | 18 | +28.6% |
4 Bedrooms | 8 | 17 | +112.5% |
5+ Bedrooms | 41 | 50 | +22.0% |
Summary: The New City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 112.5%, and 5+ bedroom homes increased by 22%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 15 | +200.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in New City in April 2024, up by 200.0% month-over-month. Of the 15 sold homes, 47% were sold under asking, 13% were sold at asking, and 40% were sold over asking.
Days on Market for New City, IL
How long does it take to sell a home in New City, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 63 Days | +24.0% |
Summary: Homes in New City had an average of 63 days on market in Apr 2024, up by 24% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in New City; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.