Is Marseilles, 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, Marseilles has remained a Seller's Market.
Housing Prices in Marseilles, IL
How much do homes in Marseilles, IL cost?
Median Sold Price
$180,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marseilles was $180,000 in May 2024, down 1.4% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $173.5K | - | N/A |
2 Bedrooms | $131.9K | $119.9K | -9.1% |
3 Bedrooms | $200K | $200K | 0.0% |
4 Bedrooms | $214.9K | $231K | +7.5% |
5+ Bedrooms | - | $217.5K | N/A |
Summary: Marseilles 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 decreased by 9.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Seneca | $222K | $235K | +5.9% |
Marseilles | $182.5K | $180K | -1.4% |
Rutland Township | $215K | $205K | -4.7% |
Manlius Township | $207.4K | $166.2K | -19.9% |
Housing Supply in Marseilles, IL
How many homes are available in Marseilles, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 27 | +8.0% |
Summary: The Marseilles real estate market had 27 homes for sale in May 2024, a 8.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 12 | 16 | +33.3% |
4 Bedrooms | 6 | 3 | -50.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Marseilles 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 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Marseilles in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Marseilles, IL
How long does it take to sell a home in Marseilles, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
71 Days | 118 Days | +64.7% |
Summary: Homes in Marseilles had an average of 118 days on market in May 2024, up by 64.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Marseilles; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.