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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Virden is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Virden was a Buyer's Market.

Key Takeaway

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

Housing Prices in Virden, IL

How much do homes in Virden, IL cost?

Median Sold Price

$99,000

$84/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$6,000(-5.7%)

Key Takeaway

Homes in Virden have sold for 5.7% less than they did a year ago.

Summary: The median home sold price in Virden was $99,000 in October 2024, down 5.7% from last year, and the median price per square foot was $84.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $87.5K$76K
-13.1%
2 $84.4K$73K
-13.6%
3 $117K$106K
-9.4%
4 $185K$181.7K
-1.8%
5+ $195K-
N/A

Summary: Virden housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.1%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Auburn Township
+10.5%
Virden
-5.7%
Virden Township
-5.7%

Housing Supply in Virden, IL

How many homes are available in Virden, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1514-6.7%

Summary: The Virden real estate market had 14 homes for sale in October 2024, a 6.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 1111
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Virden housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Virden, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Virden in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Virden, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
10 Days7 Days-26.2%

Summary: Homes in Virden had an average of 7 days on market in Oct 2024, down by 26.2% compared to last year.

Breakdown of Home Sale Times

4 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 Virden are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in Virden; 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 9 Days Ago

Newest Listings in Virden, IL

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