Is Moro, 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, Moro has remained a Seller's Market.
Key Takeaway
Moro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Moro, IL
How much do homes in Moro, IL cost?
Median Sold Price
$235,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Moro have sold for 37.4% more than they did a year ago.
Summary: The median home sold price in Moro was $235,000 in May 2024, up 37.4% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $47K | N/A |
| 2 Bedrooms | $115K | $250K | +117.4% |
| 3 Bedrooms | $164.5K | $206K | +25.2% |
| 4 Bedrooms | $295K | $305K | +3.4% |
| 5+ Bedrooms | $395K | $235K | -40.5% |
Summary: Moro 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 117.4%, 3 bedroom homes increased by 25.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 40.5%.
Median Sold Price Compared To Nearby Cities
| Moro | $171K | $235K | +37.4% |
| Fort Russell Township | $247K | $280K | +13.4% |
| Moro Township | $265K | $270.5K | +2.1% |
| Bethalto | $179.9K | $180K | 0.1% |
Housing Supply in Moro, IL
How many homes are available in Moro, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Summary: The Moro real estate market had 4 homes for sale in May 2024, a 33.3% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Moro 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Moro, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Moro in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Moro, IL
How long does it take to sell a home in Moro, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 65 Days | +36.8% |
Summary: Homes in Moro had an average of 65 days on market in May 2024, up by 36.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Moro has remained consistent over time.
Summary: During May 2024, 1 homes were sold in Moro; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.