Is Southern View, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Southern View has remained a Seller's Market.
Key Takeaway
Southern View is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southern View, IL
How much do homes in Southern View, IL cost?
Median Sold Price
$119,000
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Southern View have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Southern View was $119,000 in April 2024, up 7.7% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $47.9K | - | N/A |
| 2 Bedrooms | $100.8K | $100K | -0.8% |
| 3 Bedrooms | $120K | $122.5K | +2.1% |
| 4 Bedrooms | $140K | $151.5K | +8.2% |
| 5+ Bedrooms | $144.5K | $152K | +5.2% |
Summary: Southern View 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 decreased by 0.8%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Southern View | $110.5K | $119K | +7.7% |
| Springfield | $145.3K | $155.9K | +7.3% |
| Capital Township | $148.7K | $158.2K | +6.3% |
| Woodside Township | $129K | $137K | +6.2% |
Housing Supply in Southern View, IL
How many homes are available in Southern View, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The Southern View real estate market had 7 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southern View 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 increased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southern View, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Southern View in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Southern View, IL
How long does it take to sell a home in Southern View, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 1 Day | 2 Days | +166.7% |
Summary: Homes in Southern View had an average of 2 days on market in Apr 2024, up by 166.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southern View are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Southern View; 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.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.