September 2024 Market Update: Antioch, Illinois

Welcome to the Stellar Results Realty September 2024 Market Update for Antioch, Illinois! This overview dives into the latest market data to keep both buyers and sellers informed on trends that may impact their real estate decisions. Let’s take a closer look at the numbers and what they mean for you.

Inventory Overview: Months Supply of Inventory

Currently, the Months Supply of Inventory in Antioch stands at 2.24 months. Over the past 12 months, this inventory has decreased by 17.95%, indicating a tightening market with fewer available properties. Lower inventory levels can lead to increased competition among buyers, often making this a favorable time for sellers.

Seller Performance: List to Sold Price Percentage

The List to Sold Price percentage is 97.8% this month, highlighting a strong market for sellers, who are receiving close to their asking prices. This figure reflects a balanced approach to pricing and high buyer demand, ensuring that properties listed at competitive prices are selling successfully.

Market Speed: Median Days on Market

Properties in Antioch are moving quickly, with a Median Days on Market of 33 days. This relatively short time on the market indicates strong buyer interest and efficient sales processes. Sellers can feel confident that, with the right pricing strategy, their property won’t stay on the market for long.

Property Values: Median Sold Price

The Median Sold Price in Antioch for September 2024 is $345,750. This benchmark helps both buyers and sellers set realistic expectations. A stable or gradually rising median price is often a positive indicator of a resilient market, making it a good time for both buying and selling.

Conclusion

The Antioch market shows robust signs of strength and stability, with competitive pricing, quick sales, and solid property values. Whether you’re a buyer or a seller, understanding these trends is essential for making informed real estate decisions. Stay connected with Stellar Results Realty for the latest insights and expert guidance on navigating the real estate market in Antioch.

Contact Stellar Results Realty

For any questions or if you're interested in buying or selling in Antioch, the team at Stellar Results Realty is here to help. Knowledge is power in the world of real estate, and we’re dedicated to empowering you with the latest information and personalized service.