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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plano is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Plano, IL

How much do homes in Plano, IL cost?

Median Sold Price

$240,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$24,000(+11.1%)

Key Takeaway

Homes in Plano have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Plano was $240,000 in April 2024, up 11.1% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $112.4K$79K
-29.7%
2 $181.2K$212.5K
+17.2%
3 $225K$241K
+7.1%
4 $288.9K$302.5K
+4.7%
5+ $347.5K$375K
+7.9%

Summary: Plano housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.7%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 7.9%.

Median Sold Price Compared To Nearby Cities

Yorkville
+20.6%
Plano
+11.1%
Bristol Township
+7.9%
Little Rock Township
+6.4%

Housing Supply in Plano, IL

How many homes are available in Plano, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3037+23.3%

Summary: The Plano real estate market had 37 homes for sale in April 2024, a 23.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1922
+15.8%
4 78
+14.3%
5+ 13
+200.0%

Summary: The Plano 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 33.3%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1410-28.6%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plano, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Plano in April 2024, down by 28.6% month-over-month. Of the 10 sold homes, 10% were sold under asking, 30% were sold at asking, and 60% were sold over asking.

Days on Market for Plano, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
10 Days18 Days+89.0%

Summary: Homes in Plano had an average of 18 days on market in Apr 2024, up by 89% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Plano are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 10 homes were sold in Plano; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 Plano, IL

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