Is Pullman, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Pullman was a Seller's Market.
Key Takeaway
Pullman is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pullman, IL
How much do homes in Pullman, IL cost?
Median Sold Price
$171,700
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Pullman has remained the same since last year.
Summary: The median home sold price in Pullman was $171,700 in March 2024, down 0.5% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $171.7K | $160K | -6.8% |
| 3 Bedrooms | $130K | $180K | +38.5% |
| 4 Bedrooms | $195K | $235K | +20.5% |
| 5+ Bedrooms | $221K | $150K | -32.1% |
Summary: Pullman 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 6.8%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes decreased by 32.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Calumet Heights | $215K | $227.5K | +5.8% |
| Far Southeast Side | $175.2K | $174.9K | -0.2% |
| Pullman | $172.5K | $171.7K | -0.5% |
| Roseland | $174.4K | $160K | -8.3% |
Housing Supply in Pullman, IL
How many homes are available in Pullman, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 41 | +20.6% |
Summary: The Pullman real estate market had 41 homes for sale in March 2024, a 20.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Pullman 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 increased by 30%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pullman, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Pullman in March 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Pullman, IL
How long does it take to sell a home in Pullman, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 90 Days | 69 Days | -23.2% |
Summary: Homes in Pullman had an average of 69 days on market in Mar 2024, down by 23.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Pullman are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 4 homes were sold in Pullman; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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