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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carlock is a seller's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Carlock was a Buyer's Market.

Key Takeaway

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

Housing Prices in Carlock, IL

How much do homes in Carlock, IL cost?

Median Sold Price

$192,000

$92/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$17,000(+9.7%)

Key Takeaway

Homes in Carlock have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in Carlock was $192,000 in May 2024, up 9.7% from last year, and the median price per square foot was $92.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $150K$214.7K
+43.1%
3 $196.7K$194K
-1.4%
4 $190K$130K
-31.6%
5+ $750K-
N/A

Summary: Carlock 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 increased by 43.1%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 31.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Carlock
+9.7%
White Oak Township
-5.6%
Carlock
-10.7%

Housing Supply in Carlock, IL

How many homes are available in Carlock, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
35+66.7%

Summary: The Carlock real estate market had 5 homes for sale in May 2024, a 66.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 13
+200.0%
5+ 00
0.0%

Summary: The Carlock 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 remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
12+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carlock, 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 Carlock 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 Carlock, IL

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

Average Sale Time

May 2023May 2024CHANGE
186 Days12 Days-93.5%

Summary: Homes in Carlock had an average of 12 days on market in May 2024, down by 93.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were 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 Carlock are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 2 homes were sold in Carlock; 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 1 Day Ago

Newest Listings in Carlock, IL

Nearby Markets to Carlock, IL