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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pana is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

How much do homes in Pana, IL cost?

Median Sold Price

$92,500

$69/sqft

Based on all homes sold in January 2023.

Difference Since Last Month

+$64,500(+230.4%)

Key Takeaway

Homes in Pana have sold for 230.4% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSDec 2022Jan 2023%
1 --
N/A
2 --
N/A
3 $28K$92.5K
+230.4%
4 --
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Pana
+230.4%
Pana Township
+230.4%

How many homes are available in Pana, IL?

Number of Homes For Sale

Dec 2022Jan 2023%
56+20.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 23
+50.0%
3 33
0.0%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pana, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Breakdown of Home Sale Times

2 Homes Were 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 Pana are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Pana, IL

Homes for sale in Pana, IL have reached 6. Between December 2022 and January 2023, Pana, IL real estate market has seen increase in the number of listings by 20%. From January 2022 through January 2023, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 0%, 3 bedrooms properties prices increased by 230.4%, 4 bedrooms properties prices increased by 0%, prices of 5 bedrooms properties increased by 0%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went up by 50%, 3 bedrooms homes inventory did not change, 4 bedrooms homes inventory did not change, the quantity of 5 bedrooms homes have not changed. In January 2023 more than 0 listings in Pana, IL were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 0 were sold below.