Is The Villages, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing The Villages is a neutral's market

Buyer's
Market

Difference Since April 2023

Since last year, The Villages has remained a Neutral Market.

Key Takeaway

The Villages is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in The Villages, IL

How much do homes in The Villages, IL cost?

Median Sold Price

$353,500

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$5,500(-1.5%)

Key Takeaway

Homes in The Villages have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in The Villages was $353,500 in April 2024, down 1.5% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 -$217.5K
N/A
3 $325K$346.5K
+6.6%
4 $382K$410K
+7.3%
5+ $381K$391.5K
+2.8%

Summary: The Villages 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 did not change, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 2.8%.

Median Sold Price Compared To Nearby Neighborhoods

Essex Village
+15.3%
The Villages
-1.5%

Housing Supply in The Villages, IL

How many homes are available in The Villages, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
26+200.0%

Summary: The The Villages real estate market had 6 homes for sale in April 2024, a 200.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 03
+100.0%
4 01
+100.0%
5+ 22
0.0%

Summary: The The Villages 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 increased by 100%, 4 bedroom homes increased by 100%, 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

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in The Villages, you could pay more than the asking price. 100% of homes here sold above asking price last month.

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

Days on Market for The Villages, IL

How long does it take to sell a home in The Villages, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
5 Days5 Days0.0%

Summary: Homes in The Villages had an average of 5 days on market in Apr 2024, the same as 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 The Villages are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in The Villages; 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 1 Day Ago

Newest Listings in The Villages, IL

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