Is Posen, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Posen has remained a Seller's Market.
Housing Prices
How much do homes in Posen, IL cost?
Median Sold Price
$182,500
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Summary: The median home sold price in Posen was $182,500 in August 2023, up 3.7% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $70K | - | N/A |
3 Bedrooms | $168.9K | $170K | +0.7% |
4 Bedrooms | $210K | $249.4K | +18.8% |
5+ Bedrooms | $235K | $275K | +17.0% |
Summary: Posen housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Cities
Harvey | $100K | $109.5K | +9.5% |
Posen | $176K | $182.5K | +3.7% |
Blue Island | $200K | $190K | -5.0% |
Markham | $151.4K | $139.9K | -7.6% |
Housing Supply
How many homes are available in Posen, IL?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
17 | 16 | -5.9% |
Summary: The Posen real estate market had 16 homes for sale in August 2023, a 5.9% decrease compared to July 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Posen housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Posen in August 2023, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market
How long does it take to sell a home in Posen, IL?
Average Sale Time
Aug 2022 | Aug 2023 | CHANGE |
---|---|---|
34 Days | 15 Days | -54.7% |
Summary: Homes in Posen had an average of 15 days on market in Aug 2023, down by 54.7% 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
Summary: During August 2023, 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.