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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pembrook is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Pembrook, IL

How much do homes in Pembrook, IL cost?

Median Sold Price

$240,000

$147/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$50,000(+26.3%)

Key Takeaway

Homes in Pembrook have sold for 26.3% more than they did a month ago.

Summary: The median home sold price in Pembrook was $240,000 in April 2024, up 26.3% from last month, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $190K-
N/A
3 -$237.5K
N/A
4 -$311K
N/A
5+ --
N/A

Summary: Pembrook housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 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 Pembrook, IL

How many homes are available in Pembrook, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
660.0%

Summary: The Pembrook real estate market had 6 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 23
+50.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Pembrook 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 decreased by 66.7%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pembrook, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Pembrook in April 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Pembrook, IL

How long does it take to sell a home in Pembrook, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
14 Days4 Days-70.5%

Summary: Homes in Pembrook had an average of 4 days on market in Apr 2024, down by 70.5% compared to last month.

Breakdown of Home Sale Times

3 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 Pembrook are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 3 homes were sold in Pembrook; 100% of homes were sold within 30 days, 0% 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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