Is Polo, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Polo has remained a Seller's Market.
Housing Prices in Polo, IL
How much do homes in Polo, IL cost?
Median Sold Price
$135,000
$78/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Polo was $135,000 in May 2024, up 13.4% from last month, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $650K | - | N/A |
3 Bedrooms | $175K | $133.2K | -23.9% |
4 Bedrooms | $57.5K | $180K | +213.0% |
5+ Bedrooms | - | $122.5K | N/A |
Summary: Polo housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 23.9%, 4 bedroom homes increased by 213%, and 5+ bedroom homes did not change.
Housing Supply in Polo, IL
How many homes are available in Polo, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 19 | -9.5% |
Summary: The Polo real estate market had 19 homes for sale in May 2024, a 9.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Polo 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 14.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Polo in May 2024, up by 100.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Polo, IL
How long does it take to sell a home in Polo, IL?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 Days | 97 Days | +55.8% |
Summary: Homes in Polo had an average of 97 days on market in May 2024, up by 55.8% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Polo; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.