Is Pocahontas, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Pocahontas was a Seller's Market.
Key Takeaway
Pocahontas is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pocahontas, IL
How much do homes in Pocahontas, IL cost?
Median Sold Price
$226,000
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pocahontas have sold for 54% more than they did a year ago.
Summary: The median home sold price in Pocahontas was $226,000 in April 2024, up 54% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $109K | - | N/A |
| 2 Bedrooms | - | $75K | N/A |
| 3 Bedrooms | $146K | $263.5K | +80.5% |
| 4 Bedrooms | $365K | $275K | -24.7% |
| 5+ Bedrooms | $92.2K | - | N/A |
Summary: Pocahontas 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 did not change, 3 bedroom homes increased by 80.5%, 4 bedroom homes decreased by 24.7%, and 5+ bedroom homes did not change.
Housing Supply in Pocahontas, IL
How many homes are available in Pocahontas, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Pocahontas real estate market had 9 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Pocahontas 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 decreased by 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
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 Pocahontas, 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 Pocahontas in April 2024, down by 66.7% month-over-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 Pocahontas, IL
How long does it take to sell a home in Pocahontas, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 42 Days | 0.0% |
Summary: Homes in Pocahontas had an average of 42 days on market in Apr 2024, the same as last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pocahontas has remained consistent over time.
Summary: During April 2024, 1 homes were sold in Pocahontas; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.