Is New Baden, 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, New Baden was a Seller's Market.
Housing Prices in New Baden, IL
How much do homes in New Baden, IL cost?
Median Sold Price
$199,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Baden was $199,000 in May 2024, up 32.7% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $98.5K | $103.8K | +5.4% |
3 Bedrooms | $127.5K | $194K | +52.2% |
4 Bedrooms | $213K | $293K | +37.6% |
5+ Bedrooms | $347K | - | N/A |
Summary: New Baden 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 5.4%, 3 bedroom homes increased by 52.2%, 4 bedroom homes increased by 37.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
New Baden | $150K | $199K | +32.7% |
Mascoutah Township | $250K | $280K | +12.0% |
Housing Supply in New Baden, IL
How many homes are available in New Baden, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Summary: The New Baden real estate market had 7 homes for sale in May 2024, a 16.7% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 2 | 0 | -100.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The New Baden 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 increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in New Baden in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for New Baden, IL
How long does it take to sell a home in New Baden, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 113 Days | +173.4% |
Summary: Homes in New Baden had an average of 113 days on market in May 2024, up by 173.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in New Baden; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.