Is Illinois City, 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, Illinois City has remained a Seller's Market.
Key Takeaway
Illinois City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Illinois City, IL
How much do homes in Illinois City, IL cost?
Median Sold Price
$209,950
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Illinois City have sold for 10.1% less than they did a year ago.
Summary: The median home sold price in Illinois City was $209,950 in April 2024, down 10.1% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $168.7K | N/A |
| 2 Bedrooms | $166K | $219.9K | +32.5% |
| 3 Bedrooms | $292K | $231K | -20.9% |
| 4 Bedrooms | $650K | $182.5K | -71.9% |
| 5+ Bedrooms | $185K | - | N/A |
Summary: Illinois City 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 32.5%, 3 bedroom homes decreased by 20.9%, 4 bedroom homes decreased by 71.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Muscatine | $170.5K | $170K | -0.3% |
| Illinois City | $233.5K | $209.9K | -10.1% |
| Drury Township | $269K | $215.5K | -19.9% |
Housing Supply in Illinois City, IL
How many homes are available in Illinois City, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Summary: The Illinois City real estate market had 2 homes for sale in April 2024, a 33.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Illinois City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 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 Illinois City, 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 Illinois City in April 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 Illinois City, IL
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Illinois City are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Illinois City; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.