Is Pawnee, 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, Pawnee has remained a Seller's Market.
Key Takeaway
Pawnee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pawnee, IL
How much do homes in Pawnee, IL cost?
Median Sold Price
$161,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pawnee have sold for 23.8% more than they did a year ago.
Summary: The median home sold price in Pawnee was $161,000 in March 2024, up 23.8% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $45K | $82K | +82.2% |
| 3 Bedrooms | $130.5K | $161K | +23.4% |
| 4 Bedrooms | $155K | $245K | +58.1% |
| 5+ Bedrooms | - | $253.5K | N/A |
Summary: Pawnee 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 increased by 82.2%, 3 bedroom homes increased by 23.4%, 4 bedroom homes increased by 58.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Pawnee | $130K | $161K | +23.8% |
| Pawnee Township | $130.2K | $161K | +23.6% |
Housing Supply in Pawnee, IL
How many homes are available in Pawnee, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The Pawnee real estate market had 7 homes for sale in March 2024, a 40.0% increase 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 | 1 | +100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pawnee 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pawnee, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Pawnee in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Pawnee, IL
How long does it take to sell a home in Pawnee, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 83 Days | 19 Days | -76.4% |
Summary: Homes in Pawnee had an average of 19 days on market in Mar 2024, down by 76.4% compared to last year.
Breakdown of Home Sale Times
2 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 Pawnee are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Pawnee; 67% of homes were sold within 30 days, 33% 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.