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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plano is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Plano has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Plano, IL

How much do homes in Plano, IL cost?

Median Sold Price

$240,000

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$21,500(+9.8%)

Key Takeaway

Homes in Plano have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in Plano was $240,000 in May 2024, up 9.8% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $112.4K$79K
-29.7%
2 $182.5K$215K
+17.8%
3 $225K$240K
+6.7%
4 $284K$302.5K
+6.5%
5+ $347.5K$400K
+15.1%

Summary: Plano housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.7%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 15.1%.

Median Sold Price Compared To Nearby Cities

Yorkville
+15.9%
Bristol Township
+11.7%
Plano
+9.8%
Little Rock Township
+9.0%

Housing Supply in Plano, IL

How many homes are available in Plano, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3431-8.8%

Summary: The Plano real estate market had 31 homes for sale in May 2024, a 8.8% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 2017
-15.0%
4 76
-14.3%
5+ 32
-33.3%

Summary: The Plano 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 50%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plano, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Plano in May 2024, up by 10.0% month-over-month. Of the 11 sold homes, 9% were sold under asking, 27% were sold at asking, and 64% were sold over asking.

Days on Market for Plano, IL

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

Average Sale Time

May 2023May 2024CHANGE
8 Days7 Days-12.3%

Summary: Homes in Plano had an average of 7 days on market in May 2024, down by 12.3% compared to last year.

Breakdown of Home Sale Times

11 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 Plano are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 11 homes were sold in Plano; 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 Plano, IL

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