Is Freeburg, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Freeburg has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $92.9K | $150K | +61.5% |
3 Bedrooms | $215.7K | $260K | +20.5% |
4 Bedrooms | $359.9K | $399.9K | +11.1% |
5+ Bedrooms | $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 | $237K | $287.6K | +21.4% |
Freeburg | $237K | $281.6K | +18.8% |
Shiloh Valley Township | $322.5K | $375K | +16.3% |
Belleville Township | $155K | $180.1K | +16.2% |
Smithton Township | $275K | $280K | +1.8% |
Housing Supply in Freeburg, IL
How many homes are available in Freeburg, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 12 | -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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 1 | 1 | 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 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
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 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 108 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
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.