Is One Renaissance Place, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing One Renaissance Place is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, One Renaissance Place has remained a Seller's Market.

Key Takeaway

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

Housing Prices in One Renaissance Place, IL

How much do homes in One Renaissance Place, IL cost?

Median Sold Price

$163,068

$182/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$18,068(+12.5%)

Key Takeaway

Homes in One Renaissance Place have sold for 12.5% more than they did a month ago.

Summary: The median home sold price in One Renaissance Place was $163,068 in April 2024, up 12.5% from last month, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 $145K$155K
+6.9%
2 -$190K
N/A
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: One Renaissance Place housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in One Renaissance Place, IL

How many homes are available in One Renaissance Place, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
56+20.0%

Summary: The One Renaissance Place real estate market had 6 homes for sale in April 2024, a 20.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 44
0.0%
2 12
+100.0%
3 00
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The One Renaissance Place 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in One Renaissance Place, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in One Renaissance Place in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for One Renaissance Place, IL

How long does it take to sell a home in One Renaissance Place, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
4 Days12 Days+218.8%

Summary: Homes in One Renaissance Place had an average of 12 days on market in Apr 2024, up by 218.8% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 4 homes were sold in One Renaissance Place; 75% of homes were sold within 30 days, 25% 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 6 Days Ago

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