Is Pontiac, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pontiac has remained a Seller's Market.
Housing Prices in Pontiac, IL
How much do homes in Pontiac, IL cost?
Median Sold Price
$134,750
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pontiac was $134,750 in April 2024, up 17.2% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45K | $51.9K | +15.4% |
2 Bedrooms | $90.5K | $82K | -9.4% |
3 Bedrooms | $124.3K | $139.9K | +12.5% |
4 Bedrooms | $175K | $221.2K | +26.4% |
5+ Bedrooms | $225K | $178.7K | -20.6% |
Summary: Pontiac housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes decreased by 20.6%.
Median Sold Price Compared To Nearby Cities
Pontiac | $115K | $134.7K | +17.2% |
Pontiac Township | $118.5K | $134.7K | +13.7% |
Housing Supply in Pontiac, IL
How many homes are available in Pontiac, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 30 | -9.1% |
Summary: The Pontiac real estate market had 30 homes for sale in April 2024, a 9.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 15 | 14 | -6.7% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Pontiac 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 12.5%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Pontiac in April 2024, down by 25.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Pontiac, IL
How long does it take to sell a home in Pontiac, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 53 Days | +116.9% |
Summary: Homes in Pontiac had an average of 53 days on market in Apr 2024, up by 116.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Pontiac; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.