Is Metropolis, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Metropolis has remained a Seller's Market.
Housing Prices in Metropolis, IL
How much do homes in Metropolis, IL cost?
Median Sold Price
$81,950
$71/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Metropolis was $81,950 in April 2024, up 8% from last year, and the median price per square foot was $71.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $35.5K | $45K | +26.8% |
2 Bedrooms | $56.5K | $59.5K | +5.3% |
3 Bedrooms | $80K | $103.9K | +29.9% |
4 Bedrooms | $150K | $130K | -13.3% |
5+ Bedrooms | $180K | $189K | +5.0% |
Summary: Metropolis housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.8%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 29.9%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
Lincoln | $86.9K | $101.5K | +16.7% |
Metropolis | $75.9K | $81.9K | +8.0% |
Housing Supply in Metropolis, IL
How many homes are available in Metropolis, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 35 | +6.1% |
Summary: The Metropolis real estate market had 35 homes for sale in April 2024, a 6.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 15 | 15 | 0.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Metropolis housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Metropolis in April 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Metropolis, IL
How long does it take to sell a home in Metropolis, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
94 Days | 18 Days | -80.6% |
Summary: Homes in Metropolis had an average of 18 days on market in Apr 2024, down by 80.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Metropolis; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.