Is Hamel, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hamel has remained a Seller's Market.
Key Takeaway
Hamel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hamel, IL
How much do homes in Hamel, IL cost?
Median Sold Price
$265,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hamel have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Hamel was $265,000 in May 2024, down 3.6% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $133.8K | N/A |
| 3 Bedrooms | $275K | $265K | -3.6% |
| 4 Bedrooms | $316.2K | $346K | +9.4% |
| 5+ Bedrooms | $340K | - | N/A |
Summary: Hamel housing prices by bedroom type for May 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 decreased by 3.6%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hamel Township | $277.5K | $323K | +16.4% |
| Hamel | $275K | $265K | -3.6% |
Housing Supply in Hamel, IL
How many homes are available in Hamel, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Summary: The Hamel real estate market had 4 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hamel housing inventory by bedroom type for May 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hamel, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Hamel in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Hamel, IL
How long does it take to sell a home in Hamel, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 0 Days | 77 Days | +15300.0% |
Summary: Homes in Hamel had an average of 77 days on market in May 2024, up by 15300% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hamel has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Hamel; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.