Is Red Bud, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Red Bud has remained a Seller's Market.
Housing Prices in Red Bud, IL
How much do homes in Red Bud, IL cost?
Median Sold Price
$259,950
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Red Bud was $259,950 in May 2024, up 48.5% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $51K | N/A |
2 Bedrooms | $135K | $151K | +11.9% |
3 Bedrooms | $180K | $285K | +58.3% |
4 Bedrooms | $179.5K | $295K | +64.3% |
5+ Bedrooms | $181K | $222.5K | +22.9% |
Summary: Red Bud 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 11.9%, 3 bedroom homes increased by 58.3%, 4 bedroom homes increased by 64.3%, and 5+ bedroom homes increased by 22.9%.
Median Sold Price Compared To Nearby Cities
Red Bud | $175K | $259.9K | +48.5% |
Red Bud | $177.2K | $222.5K | +25.5% |
Housing Supply in Red Bud, IL
How many homes are available in Red Bud, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Summary: The Red Bud real estate market had 9 homes for sale in May 2024, a 12.5% 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 | 2 | +100.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Red Bud 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Red Bud in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Red Bud, IL
How long does it take to sell a home in Red Bud, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
95 Days | 36 Days | -62.0% |
Summary: Homes in Red Bud had an average of 36 days on market in May 2024, down by 62% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Red Bud; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.