Is Pontoon Beach, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Pontoon Beach was a Seller's Market.
Key Takeaway
Pontoon Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pontoon Beach, IL
How much do homes in Pontoon Beach, IL cost?
Median Sold Price
$186,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pontoon Beach have sold for 24% more than they did a year ago.
Summary: The median home sold price in Pontoon Beach was $186,000 in March 2024, up 24% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $44K | - | N/A |
| 2 Bedrooms | $102.4K | $113K | +10.3% |
| 3 Bedrooms | $150K | $193K | +28.7% |
| 4 Bedrooms | $172.8K | $206.2K | +19.3% |
| 5+ Bedrooms | - | $230K | N/A |
Summary: Pontoon Beach 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 10.3%, 3 bedroom homes increased by 28.7%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Pontoon Beach | $150K | $186K | +24.0% |
| Granite City Township | $102.6K | $120K | +16.9% |
| Granite City | $104.9K | $120K | +14.4% |
| Nameoki Township | $139.5K | $157K | +12.5% |
| Chouteau Township | $126.5K | $120.7K | -4.5% |
Housing Supply in Pontoon Beach, IL
How many homes are available in Pontoon Beach, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Summary: The Pontoon Beach real estate market had 16 homes for sale in March 2024, a 45.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pontoon Beach 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pontoon Beach, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Pontoon Beach in March 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Pontoon Beach, IL
How long does it take to sell a home in Pontoon Beach, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 61 Days | +43.0% |
Summary: Homes in Pontoon Beach had an average of 61 days on market in Mar 2024, up by 43% compared to last year.
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
Key Takeaway
Many homes in Pontoon Beach are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Pontoon Beach; 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.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.