Is Tremont, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tremont is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Tremont has remained a Seller's Market.

Key Takeaway

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

How much do homes in Tremont, IL cost?

Median Sold Price

$159,900

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

-$19,100(-10.7%)

Key Takeaway

Homes in Tremont have sold for 10.7% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $190K$120K
-36.8%
3 $135K$159.9K
+18.5%
4 $210K$187K
-11.0%
5+ $242K$147K
-39.3%

Median Sold Price Compared To Nearby Cities

Elm Grove Township
+10.1%
Tremont Township
+4.7%
Tremont
-10.7%

How many homes are available in Tremont, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
10100.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 44
0.0%
3 33
0.0%
4 11
0.0%
5+ 22
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
12+100.0%

Asking Price vs. Sold Price

1 Home Was 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 Tremont, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
26 Days13 Days-51.5%

Breakdown of Home Sale Times

2 Homes Were 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 Tremont are selling fast, if you're buying plan to act quickly.

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

About Tremont, IL

There are 10 homes are for sale in Tremont, IL real estate market. In September 2022 median list price was $159,900 and the average listing age was 13 days. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties decreased by 36.8%, prices of 3 bedrooms properties went up by 18.5%, 4 bedrooms properties became 11% more cheaper, prices of 5 bedrooms properties decreased by 39.3%. Volume of homes for sale changed: 1 bedroom homes did not move, volume of 2 bedrooms homes stayed the same, volume of 3 bedrooms homes stayed the same, volume of 4 bedrooms homes stayed the same, number of 5 bedrooms homes remained the same. Tremont, IL housing market in September 2022 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 1 sold below.