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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Walnut is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Walnut was a Seller's Market.

Key Takeaway

Walnut 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 Walnut, IL

How much do homes in Walnut, IL cost?

Median Sold Price

$88,000

$76/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$19,500(-18.1%)

Key Takeaway

Homes in Walnut have sold for 18.1% less than they did a year ago.

Summary: The median home sold price in Walnut was $88,000 in February 2024, down 18.1% from last year, and the median price per square foot was $76.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $72K-
N/A
2 $77.5K$62K
-20.0%
3 $132.5K$145K
+9.4%
4 $78.7K$133.5K
+69.5%
5+ --
N/A

Summary: Walnut housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 69.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Walnut
-18.1%
Walnut Township
-20.0%

Housing Supply in Walnut, IL

How many homes are available in Walnut, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
26+200.0%

Summary: The Walnut real estate market had 6 homes for sale in February 2024, a 200.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 02
+100.0%
4 22
0.0%
5+ 01
+100.0%

Summary: The Walnut housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were 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 Walnut, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

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

Days on Market for Walnut, IL

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

Average Sale Time

Feb 2023Feb 2024CHANGE
88 Days19 Days-78.4%

Summary: Homes in Walnut had an average of 19 days on market in Feb 2024, down by 78.4% compared to 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 Walnut are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 1 homes were sold in Walnut; 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 27 Days Ago

Newest Listings in Walnut, IL

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