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 December 2020

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.

How much do homes in Posen, IL cost?

Median Sold Price

$180,000

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$30,250(+20.2%)

Key Takeaway

Homes in Posen have sold for 20.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $147K$112.5K
-23.5%
3 $126K$165K
+31.0%
4 $164.4K$229.5K
+39.6%
5+ $182K$246.4K
+35.4%

Median Sold Price Compared To Nearby Cities

Harvey
+119.5%
Markham
+46.3%
Blue Island
+25.2%
Posen
+20.2%

How many homes are available in Posen, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
2529+16.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 43
-25.0%
3 1517
+13.3%
4 25
+150.0%
5+ 44
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
35+66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were 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. 40% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
16 Days46 Days+180.0%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

About Posen, IL

Posen, IL has 29 homes for sale to choose from. The inventory of homes for sale in Posen, IL between November 2021 and December 2021 increased by 16%. In December 2021 median list price was $180,000 and the average listing age was 46 days. This housing market listing prices have changed between November 2021 and December 2021: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices decreased by 23.5%, prices of 3 bedrooms properties went up by 31%, 4 bedrooms properties became 39.6% more expensive, prices of 5 bedrooms properties increased by 35.4%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went down by 25%, 3 bedrooms homes became 13.3% more available, number of 4 bedrooms homes increased by 150%, 5 bedrooms homes did not move. Over 2 listings were sold over their listed price in December 2021 in Posen, IL. In the same period over 2 listings were sold below the listed price and 1 listings were sold for the listed price.

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