Is Posen, 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, Posen was a Seller's Market.
Housing Prices in Posen, IL
How much do homes in Posen, IL cost?
Median Sold Price
$185,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Posen was $185,000 in May 2024, up 5.1% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $123K | $119.5K | -2.8% |
3 Bedrooms | $169.4K | $181.4K | +7.1% |
4 Bedrooms | $207.5K | $234K | +12.8% |
5+ Bedrooms | $250K | $275K | +10.0% |
Summary: Posen 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 decreased by 2.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
Markham | $140K | $163K | +16.4% |
Dixmoor | $120K | $136K | +13.3% |
Posen | $176K | $185K | +5.1% |
Harvey | $114.9K | $120K | +4.4% |
Blue Island | $199.9K | $198.5K | -0.7% |
Housing Supply in Posen, IL
How many homes are available in Posen, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Summary: The Posen real estate market had 13 homes for sale in May 2024, a 30.0% 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 | 5 | 8 | +60.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Posen 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 60%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Posen in May 2024, down by 50.0% month-over-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 Posen, IL
How long does it take to sell a home in Posen, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 72 Days | +102.8% |
Summary: Homes in Posen had an average of 72 days on market in May 2024, up by 102.8% 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
Summary: During May 2024, 1 homes were sold in Posen; 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.