Is Roanoke, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Roanoke has remained a Seller's Market.
Key Takeaway
Roanoke is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Roanoke, IL
How much do homes in Roanoke, IL cost?
Median Sold Price
$135,250
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Roanoke have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Roanoke was $135,250 in March 2024, up 6.1% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $59.5K | $116.5K | +95.8% |
| 3 Bedrooms | $129.2K | $142.5K | +10.3% |
| 4 Bedrooms | $166.7K | $193.7K | +16.2% |
| 5+ Bedrooms | $133.7K | - | N/A |
Summary: Roanoke 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 increased by 95.8%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Roanoke Township | $127.5K | $135.5K | +6.3% |
| Roanoke | $127.5K | $135.2K | +6.1% |
Housing Supply in Roanoke, IL
How many homes are available in Roanoke, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The Roanoke real estate market had 5 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Roanoke 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Roanoke, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Roanoke in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Roanoke, IL
How long does it take to sell a home in Roanoke, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 98 Days | 50 Days | -48.5% |
Summary: Homes in Roanoke had an average of 50 days on market in Mar 2024, down by 48.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Roanoke are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Roanoke; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.