Is Gillespie, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Gillespie was a Seller's Market.
Housing Prices in Gillespie, IL
How much do homes in Gillespie, IL cost?
Median Sold Price
$115,474
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gillespie was $115,474 in May 2024, up 32.7% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $75K | $86.9K | +15.9% |
3 Bedrooms | $139K | $126K | -9.4% |
4 Bedrooms | $170K | $160K | -5.9% |
5+ Bedrooms | $105K | $119K | +13.3% |
Summary: Gillespie 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 15.9%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Cities
Gillespie | $87K | $115.4K | +32.7% |
Gillespie Township | $89K | $115.9K | +30.3% |
Cahokia Township | $88.5K | $75K | -15.3% |
Housing Supply in Gillespie, IL
How many homes are available in Gillespie, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 20 | +5.3% |
Summary: The Gillespie real estate market had 20 homes for sale in May 2024, a 5.3% 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 | 8 | 8 | 0.0% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Gillespie 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 14.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 2 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Gillespie in May 2024, down by 66.7% 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 Gillespie, IL
How long does it take to sell a home in Gillespie, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
64 Days | 73 Days | +14.8% |
Summary: Homes in Gillespie had an average of 73 days on market in May 2024, up by 14.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Gillespie; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.