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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Polo is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Polo has remained a Seller's Market.

Key Takeaway

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

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

+$16,000(+13.4%)

Key Takeaway

Homes in Polo have sold for 13.4% more than they did a month ago.

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

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $650K-
N/A
3 $175K$133.2K
-23.9%
4 $57.5K$180K
+213.0%
5+ -$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 2024May 2024CHANGE
2119-9.5%

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

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 23
+50.0%
3 76
-14.3%
4 86
-25.0%
5+ 22
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 2024May 2024CHANGE
48+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Polo, you may be able to get a good deal. 75% of homes here sold below asking price last month.

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 2024May 2024CHANGE
62 Days97 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Polo are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

Newest Listings in Polo, IL

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