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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Point is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Point, IL

How much do homes in Point, IL cost?

Median Sold Price

$227,500

$81/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$64,500(-22.1%)

Key Takeaway

Homes in Point have sold for 22.1% less than they did a year ago.

Summary: The median home sold price in Point was $227,500 in September 2024, down 22.1% from last year, and the median price per square foot was $81.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $59K-
N/A
2 $439K$185K
-57.9%
3 $190.5K$217K
+13.9%
4 $402K-
N/A
5+ -$410K
N/A

Summary: Point housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 57.9%, 3 bedroom homes increased by 13.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Quarry Township
+34.0%
Rivers Township
+6.4%
Point
-22.1%

Housing Supply in Point, IL

How many homes are available in Point, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
75-28.6%

Summary: The Point real estate market had 5 homes for sale in September 2024, a 28.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 64
-33.3%
4 00
0.0%
5+ 11
0.0%

Summary: The Point housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
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 Point, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Point in September 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Point, IL

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

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 2 homes were sold in Point; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 30 Days Ago

Newest Listings in Point, IL

Nearby Markets to Point, IL

What housing markets are near Point, IL?