Is Princeton, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Princeton has remained a Buyer's Market.
Housing Prices in Princeton, IL
How much do homes in Princeton, IL cost?
Median Sold Price
$145,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Princeton was $145,000 in February 2024, up 3.6% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $79K | +43.6% |
2 Bedrooms | $87K | $94K | +8.0% |
3 Bedrooms | $137K | $147.5K | +7.7% |
4 Bedrooms | $172.5K | $170K | -1.4% |
5+ Bedrooms | $150K | $162K | +8.0% |
Summary: Princeton housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.6%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
Princeton | $140K | $145K | +3.6% |
Princeton Township | $148.7K | $145K | -2.5% |
Housing Supply in Princeton, IL
How many homes are available in Princeton, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
24 | 32 | +33.3% |
Summary: The Princeton real estate market had 32 homes for sale in February 2024, a 33.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 7 | 11 | +57.1% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Princeton housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Princeton in February 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Princeton, IL
How long does it take to sell a home in Princeton, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
43 Days | 53 Days | +21.4% |
Summary: Homes in Princeton had an average of 53 days on market in Feb 2024, up by 21.4% 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
Summary: During February 2024, 2 homes were sold in Princeton; 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.