Is Pontoon Beach, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pontoon Beach is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Pontoon Beach, IL

How much do homes in Pontoon Beach, IL cost?

Median Sold Price

$184,750

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$29,250(+18.8%)

Key Takeaway

Homes in Pontoon Beach have sold for 18.8% more than they did a year ago.

Summary: The median home sold price in Pontoon Beach was $184,750 in September 2024, up 18.8% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $113.4K$129.5K
+14.1%
3 $125K$193.5K
+54.8%
4 $262K$229K
-12.6%
5+ -$230K
N/A

Summary: Pontoon Beach 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 increased by 14.1%, 3 bedroom homes increased by 54.8%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pontoon Beach
+18.8%
Chouteau Township
+12.5%
Nameoki Township
+10.5%
Granite City
+8.6%
Granite City Township
+8.6%

Housing Supply in Pontoon Beach, IL

How many homes are available in Pontoon Beach, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2422-8.3%

Summary: The Pontoon Beach real estate market had 22 homes for sale in September 2024, a 8.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 10
-100.0%
3 1817
-5.6%
4 44
0.0%
5+ 00
0.0%

Summary: The Pontoon Beach 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 decreased by 100%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pontoon Beach, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Pontoon Beach in September 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% 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

Sep 2023Sep 2024CHANGE
25 Days41 Days+63.1%

Summary: Homes in Pontoon Beach had an average of 41 days on market in Sep 2024, up by 63.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 5 homes were sold in Pontoon Beach; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 12 Days Ago

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