Is Virden, 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, Virden has remained a Seller's Market.
Key Takeaway
Virden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Virden, IL
How much do homes in Virden, IL cost?
Median Sold Price
$92,500
$74/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Virden have sold for 11.9% less than they did a year ago.
Summary: The median home sold price in Virden was $92,500 in May 2024, down 11.9% from last year, and the median price per square foot was $74.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $28K | $80K | +185.7% |
| 2 Bedrooms | $79.9K | $77.6K | -2.8% |
| 3 Bedrooms | $125K | $99K | -20.8% |
| 4 Bedrooms | $183K | $185K | +1.1% |
| 5+ Bedrooms | - | $195K | N/A |
Summary: Virden housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 185.7%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Auburn Township | $136.9K | $143K | +4.5% |
| Virden | $105K | $92.5K | -11.9% |
| Virden Township | $105K | $92.5K | -11.9% |
Housing Supply in Virden, IL
How many homes are available in Virden, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Virden real estate market had 21 homes for sale in May 2024, a 4.5% decrease 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Virden 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 decreased by 16.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Virden, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Virden in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Virden, IL
How long does it take to sell a home in Virden, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 47 Days | +1491.7% |
Summary: Homes in Virden had an average of 47 days on market in May 2024, up by 1491.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Virden are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Virden; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.