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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Posen is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Posen, IL

How much do homes in Posen, IL cost?

Median Sold Price

$183,200

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$1,800(-1.0%)

Key Takeaway

Homes in Posen have sold for 1% less than they did a year ago.

Summary: The median home sold price in Posen was $183,200 in March 2024, down 1% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $123K$119.5K
-2.8%
3 $169.9K$180K
+5.9%
4 $207.5K$255K
+22.9%
5+ $255K$211.5K
-17.1%

Summary: Posen 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 decreased by 2.8%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes decreased by 17.1%.

Median Sold Price Compared To Nearby Cities

Harvey
+13.7%
Markham
+10.7%
Posen
-1.0%
Blue Island
-4.0%

Housing Supply in Posen, IL

How many homes are available in Posen, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1511-26.7%

Summary: The Posen real estate market had 11 homes for sale in March 2024, a 26.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 97
-22.2%
4 42
-50.0%
5+ 01
+100.0%

Summary: The Posen 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 50%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Posen, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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

Days on Market for Posen, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
145 Days17 Days-88.1%

Summary: Homes in Posen had an average of 17 days on market in Mar 2024, down by 88.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 4 homes were sold in Posen; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 19 Days Ago

Newest Listings in Posen, IL

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