Antioch Market Trends: Navigating the Seller’s Market in 2024

Antioch, IL, is experiencing a strong seller’s market, with several indicators showing high demand and limited inventory. Here’s what the latest data means for you, whether you're looking to buy or sell. Stellar Results Realty and our knowledgeable agents are here to guide you through these dynamic market conditions, ensuring you make the best possible decisions.

Months Supply of Inventory: 2.32 Months

The Months Supply of Inventory in Antioch is just 2.32 months. This low figure signals a seller's market, where there are limited homes available, creating a competitive landscape for buyers and leading to stronger selling prices.

How This Impacts You:

• Sellers: The low inventory gives your property a prime position in the market, as buyers have fewer options. With Stellar Results Realty, we’ll help you maximize this demand and market your home effectively for top dollar.
• Buyers: Be prepared to act quickly when you find a home that fits your needs. Our agents at Stellar Results Realty are here to support you in navigating this fast-paced market and securing the right property.

12-Month Change in Inventory: -7.2%

Antioch has seen a 7.2% decrease in inventory over the past year, meaning there are even fewer homes available than last year. This ongoing reduction contributes to the strong seller’s market, as the demand for homes continues to outpace supply.

How This Impacts You:

• Sellers: With inventory continuing to decline, your home will have a better chance of standing out. Our team will guide you in positioning your property to attract serious buyers in this tight market.
• Buyers: The low and decreasing inventory means you’ll need to stay proactive. Our agents can help you navigate the limited options and make timely decisions to get the best possible home for your needs.

Median Days on Market: 16 Days

Homes in Antioch are selling within an average of 16 days, reflecting high demand and buyer eagerness in this competitive market.

How This Impacts You:

• Sellers: Quick sales mean you can expect a fast turnaround when listing your home. With Stellar Results Realty, we’ll work with you to prepare, price, and present your home effectively to attract offers promptly.
• Buyers: Expect homes to move fast. Our agents will ensure you’re ready to make swift, informed offers to secure the right property before it’s gone.

List to Sold Price Percentage: 100.9%

The List to Sold Price Percentage is at 100.9%, indicating that homes are often selling for above the listing price. This suggests that sellers are seeing strong returns and that buyers are willing to pay premiums for desirable properties.

How This Impacts You:

• Sellers: Pricing your home competitively will attract serious buyers, and you may even see offers above asking. Stellar Results Realty can help you set an effective price and handle the competitive offers to maximize your home’s sale price.
• Buyers: In this market, be prepared to pay above the asking price, especially for well-maintained and desirable homes. Our agents can help you structure strong offers to stand out in competitive situations.

Median Sold Price: $380,000

The Median Sold Price in Antioch is $380,000, underscoring the area’s desirability and strong market conditions. This price point reflects a healthy and competitive market.

How This Impacts You:

• Sellers: The high median sold price helps you maximize your returns. Our team at Stellar Results Realty will work with you to showcase your home’s value and attract offers that meet or exceed market standards.
• Buyers: The median price offers a helpful benchmark. We’ll help you find homes within your budget, guiding you through the negotiation process to secure a property in this robust market.

In Summary

Antioch’s real estate market is thriving, with low inventory, high demand, quick sales, and above-listing-price transactions. Sellers can expect strong returns and quick sales, while buyers need to act fast and prepare for competitive offers.

Stellar Results Realty and our dedicated agents are here to make your real estate journey successful in Antioch. Whether you’re selling and want to capitalize on this seller’s market or buying and need expert guidance, we’re ready to achieve stellar results together. Connect with us today!