Is Spaulding, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Spaulding has remained a Seller's Market.
Key Takeaway
Spaulding is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spaulding, IL
How much do homes in Spaulding, IL cost?
Median Sold Price
$248,900
$119/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
Key Takeaway
Homes in Spaulding have sold for 28.9% less than they did a month ago.
Summary: The median home sold price in Spaulding was $248,900 in August 2024, down 28.9% from last month, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $84.9K | N/A |
| 3 Bedrooms | - | $311.9K | N/A |
| 4 Bedrooms | $350K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Spaulding housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Williams Township | $202K | $523.7K | +159.3% |
| Spaulding | $350K | $248.9K | -28.9% |
Housing Supply in Spaulding, IL
How many homes are available in Spaulding, IL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Summary: The Spaulding real estate market had 3 homes for sale in August 2024, a 25.0% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Spaulding housing inventory by bedroom type for August 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 decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Spaulding, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Spaulding in August 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Spaulding, IL
How long does it take to sell a home in Spaulding, IL?
Average Sale Time
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 2 Days | 11 Days | +466.7% |
Summary: Homes in Spaulding had an average of 11 days on market in Aug 2024, up by 466.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spaulding are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 3 homes were sold in Spaulding; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
