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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Polo is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Polo, IL

How much do homes in Polo, IL cost?

Median Sold Price

$122,000

$75/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$17,000(+16.2%)

Key Takeaway

Homes in Polo have sold for 16.2% more than they did a year ago.

Summary: The median home sold price in Polo was $122,000 in March 2024, up 16.2% from last year, and the median price per square foot was $75.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $97.2K$119.7K
+23.1%
3 $101.2K$125K
+23.5%
4 $115K$119.5K
+3.9%
5+ $155K$98K
-36.8%

Summary: Polo 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 23.1%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 36.8%.

Median Sold Price Compared To Nearby Cities

Buffalo Township
+19.8%
Polo
+16.2%

Housing Supply in Polo, IL

How many homes are available in Polo, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2122+4.8%

Summary: The Polo real estate market had 22 homes for sale in March 2024, a 4.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 43
-25.0%
3 87
-12.5%
4 68
+33.3%
5+ 12
+100.0%

Summary: The Polo 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 decreased by 25%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Polo, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Polo in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for Polo, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
27 Days65 Days+137.8%

Summary: Homes in Polo had an average of 65 days on market in Mar 2024, up by 137.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 4 homes were sold in Polo; 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 17 Days Ago

Newest Listings in Polo, IL

Nearby Markets to Polo, IL