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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plano is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Plano has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Plano, IL

How much do homes in Plano, IL cost?

Median Sold Price

$240,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$24,000(+11.1%)

Key Takeaway

Homes in Plano have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Plano was $240,000 in April 2024, up 11.1% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $112.4K$79K
-29.7%
2 $181.2K$212.5K
+17.2%
3 $225K$241K
+7.1%
4 $288.9K$302.5K
+4.7%
5+ $347.5K$375K
+7.9%

Summary: Plano housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.7%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 7.9%.

Median Sold Price Compared To Nearby Cities

Yorkville
+20.6%
Plano
+11.1%
Bristol Township
+7.9%
Little Rock Township
+6.4%

Housing Supply in Plano, IL

How many homes are available in Plano, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3037+23.3%

Summary: The Plano real estate market had 37 homes for sale in April 2024, a 23.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1922
+15.8%
4 78
+14.3%
5+ 13
+200.0%

Summary: The Plano 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 33.3%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1410-28.6%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plano, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Plano in April 2024, down by 28.6% month-over-month. Of the 10 sold homes, 10% were sold under asking, 30% were sold at asking, and 60% were sold over asking.

Days on Market for Plano, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
10 Days18 Days+89.0%

Summary: Homes in Plano had an average of 18 days on market in Apr 2024, up by 89% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 10 homes were sold in Plano; 80% of homes were sold within 30 days, 20% 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 7 Days Ago

Newest Listings in Plano, IL

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