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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Freeburg is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Freeburg has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Freeburg, IL

How much do homes in Freeburg, IL cost?

Median Sold Price

$281,667

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$44,667(+18.8%)

Key Takeaway

Homes in Freeburg have sold for 18.8% more than they did a year ago.

Summary: The median home sold price in Freeburg was $281,667 in April 2024, up 18.8% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $92.9K$150K
+61.5%
3 $215.7K$260K
+20.5%
4 $359.9K$399.9K
+11.1%
5+ $360K$453.7K
+26.0%

Summary: Freeburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 61.5%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 26%.

Median Sold Price Compared To Nearby Cities

Freeburg Township
+21.4%
Freeburg
+18.8%
Shiloh Valley Township
+16.3%
Belleville Township
+16.2%
Smithton Township
+1.8%

Housing Supply in Freeburg, IL

How many homes are available in Freeburg, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1312-7.7%

Summary: The Freeburg real estate market had 12 homes for sale in April 2024, a 7.7% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 76
-14.3%
4 54
-20.0%
5+ 11
0.0%

Summary: The Freeburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Freeburg, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Freeburg in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Freeburg, IL

How long does it take to sell a home in Freeburg, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
63 Days108 Days+72.0%

Summary: Homes in Freeburg had an average of 108 days on market in Apr 2024, up by 72% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Freeburg has remained consistent over time.

Summary: During April 2024, 3 homes were sold in Freeburg; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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 27 Days Ago

Newest Listings in Freeburg, IL

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