Is Running Brook Farm, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Running Brook Farm is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Running Brook Farm has remained a Seller's Market.

Key Takeaway

Running Brook Farm is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Running Brook Farm, IL

How much do homes in Running Brook Farm, IL cost?

Median Sold Price

$257,500

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$7,600(+3.0%)

Key Takeaway

Homes in Running Brook Farm have sold for 3% more than they did a year ago.

Summary: The median home sold price in Running Brook Farm was $257,500 in April 2024, up 3% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $239.9K$259K
+7.9%
3 $340K$245K
-27.9%
4 -$467K
N/A
5+ --
N/A

Summary: Running Brook Farm housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.9%, 3 bedroom homes decreased by 27.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Johnsburg / McHenry
+24.2%
Running Brook Farm
+3.0%

Housing Supply in Running Brook Farm, IL

How many homes are available in Running Brook Farm, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
220.0%

Summary: The Running Brook Farm real estate market had 2 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 00
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Running Brook Farm housing inventory by bedroom type for April 2024 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 remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Running Brook Farm, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Running Brook Farm in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Running Brook Farm, IL

How long does it take to sell a home in Running Brook Farm, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
29 Days5 Days-83.1%

Summary: Homes in Running Brook Farm had an average of 5 days on market in Apr 2024, down by 83.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Running Brook Farm are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in Running Brook Farm; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in Running Brook Farm, IL

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