Is Red Bud, 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, Red Bud has remained a Seller's Market.
Key Takeaway
Red Bud is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Red Bud, IL
How much do homes in Red Bud, IL cost?
Median Sold Price
$259,900
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Red Bud have sold for 57.5% more than they did a year ago.
Summary: The median home sold price in Red Bud was $259,900 in April 2024, up 57.5% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $51K | N/A |
| 2 Bedrooms | $135K | $151K | +11.9% |
| 3 Bedrooms | $175K | $259.9K | +48.5% |
| 4 Bedrooms | $164.7K | $295K | +79.1% |
| 5+ Bedrooms | $181K | $222.5K | +22.9% |
Summary: Red Bud 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 11.9%, 3 bedroom homes increased by 48.5%, 4 bedroom homes increased by 79.1%, and 5+ bedroom homes increased by 22.9%.
Median Sold Price Compared To Nearby Cities
| Red Bud | $165K | $259.9K | +57.5% |
| Red Bud | $175K | $220K | +25.7% |
Housing Supply in Red Bud, IL
How many homes are available in Red Bud, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Red Bud real estate market had 8 homes for sale in April 2024, a 11.1% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Red Bud 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Red Bud, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Red Bud in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Red Bud, IL
How long does it take to sell a home in Red Bud, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 125 Days | 96 Days | -23.2% |
Summary: Homes in Red Bud had an average of 96 days on market in Apr 2024, down by 23.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Red Bud are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Red Bud; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.