Is Le Roy, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Le Roy is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Le Roy has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Le Roy, IL

How much do homes in Le Roy, IL cost?

Median Sold Price

$270,000

$98/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$89,550(+49.6%)

Key Takeaway

Homes in Le Roy have sold for 49.6% more than they did a month ago.

Summary: The median home sold price in Le Roy was $270,000 in April 2024, up 49.6% from last month, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $134.9K$155K
+14.9%
4 $550K$950K
+72.7%
5+ --
N/A

Summary: Le Roy housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 72.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Empire Township
+100.1%
Le Roy
+49.6%

Housing Supply in Le Roy, IL

How many homes are available in Le Roy, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
15150.0%

Summary: The Le Roy real estate market had 15 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1310
-23.1%
4 24
+100.0%
5+ 00
0.0%

Summary: The Le Roy housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Le Roy, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Le Roy in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Le Roy, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
61 Days87 Days+41.6%

Summary: Homes in Le Roy had an average of 87 days on market in Apr 2024, up by 41.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Le Roy has remained consistent over time.

Summary: During April 2024, 3 homes were sold in Le Roy; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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 16 Days Ago

Newest Listings in Le Roy, IL

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