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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washburn is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Washburn was a Neutral Market.

Key Takeaway

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

Housing Prices in Washburn, IL

How much do homes in Washburn, IL cost?

Median Sold Price

$164,000

$71/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$35,500(+27.6%)

Key Takeaway

Homes in Washburn have sold for 27.6% more than they did a year ago.

Summary: The median home sold price in Washburn was $164,000 in September 2024, up 27.6% from last year, and the median price per square foot was $71.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $102.5K$112K
+9.3%
3 $101.7K$164K
+61.3%
4 $147.4K$282.5K
+91.6%
5+ -$196.5K
N/A

Summary: Washburn housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 61.3%, 4 bedroom homes increased by 91.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Washburn
+27.6%
Cazenovia Township
-7.9%

Housing Supply in Washburn, IL

How many homes are available in Washburn, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
72-71.4%

Summary: The Washburn real estate market had 2 homes for sale in September 2024, a 71.4% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 51
-80.0%
4 10
-100.0%
5+ 00
0.0%

Summary: The Washburn housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 80%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was 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 Washburn, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Washburn in September 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Washburn, IL

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

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

Summary: During September 2024, 1 homes were sold in Washburn; 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 10 Days Ago

Newest Listings in Washburn, IL

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