Is Arrowsmith, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Arrowsmith has remained a Seller's Market.
Key Takeaway
Arrowsmith is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arrowsmith, IL
How much do homes in Arrowsmith, IL cost?
Median Sold Price
$1,120,000
$114/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Arrowsmith have sold for 477.3% more than they did a month ago.
Summary: The median home sold price in Arrowsmith was $1,120,000 in May 2024, up 477.3% from last month, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $194K | - | N/A |
| 5+ Bedrooms | - | $1.1M | N/A |
Summary: Arrowsmith housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Arrowsmith | $194K | $1.1M | +477.3% |
| Arrowsmith Township | $194K | $1.1M | +477.3% |
Housing Supply in Arrowsmith, IL
How many homes are available in Arrowsmith, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Summary: The Arrowsmith real estate market had 1 homes for sale in May 2024, a 50.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Arrowsmith 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arrowsmith, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Arrowsmith in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Arrowsmith, IL
How long does it take to sell a home in Arrowsmith, IL?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 182 Days | +1720.0% |
Summary: Homes in Arrowsmith had an average of 182 days on market in May 2024, up by 1720% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Arrowsmith are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 1 homes were sold in Arrowsmith; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
