Is Dixon, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Dixon has remained a Seller's Market.
Housing Prices in Dixon, IL
How much do homes in Dixon, IL cost?
Median Sold Price
$158,666
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Dixon was $158,666 in May 2024, up 30.6% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $72.5K | $140K | +93.1% |
2 Bedrooms | $95K | $125K | +31.6% |
3 Bedrooms | $132.2K | $165K | +24.8% |
4 Bedrooms | $137.5K | $172.5K | +25.5% |
5+ Bedrooms | $171K | $192.5K | +12.6% |
Summary: Dixon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93.1%, 2 bedroom homes increased by 31.6%, 3 bedroom homes increased by 24.8%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes increased by 12.6%.
Median Sold Price Compared To Nearby Cities
Dixon | $121.5K | $158.6K | +30.6% |
Dixon Township | $128K | $158.6K | +24.0% |
Housing Supply in Dixon, IL
How many homes are available in Dixon, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
73 | 83 | +13.7% |
Summary: The Dixon real estate market had 83 homes for sale in May 2024, a 13.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 14 | 13 | -7.1% |
3 Bedrooms | 43 | 49 | +14.0% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Dixon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 21 | -12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Dixon in May 2024, down by 12.5% month-over-month. Of the 21 sold homes, 38% were sold under asking, 38% were sold at asking, and 24% were sold over asking.
Days on Market for Dixon, IL
How long does it take to sell a home in Dixon, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 20 Days | -53.1% |
Summary: Homes in Dixon had an average of 20 days on market in May 2024, down by 53.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Dixon; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.