Is Logan County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Logan County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Logan County has remained a Seller's Market.

Key Takeaway

Logan County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Logan County, IL

How much do homes in Logan County, IL cost?

Median Sold Price

$112,166

$83/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$2,166(-1.9%)

Key Takeaway

Homes in Logan County have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in Logan County was $112,166 in May 2024, down 1.9% from last year, and the median price per square foot was $83.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $21.5K$61K
+183.7%
2 $77.7K$77.6K
-0.2%
3 $127.7K$130K
+1.8%
4 $169.9K$150K
-11.7%
5+ $277.5K$207.5K
-25.2%

Summary: Logan County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 183.7%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes decreased by 25.2%.

Median Sold Price Compared To Nearby Counties

Menard County
+10.0%
Sangamon County
+6.8%
De Witt County
+6.6%
Logan County
-1.9%

Housing Supply in Logan County, IL

How many homes are available in Logan County, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
9398+5.4%

Summary: The Logan County real estate market had 98 homes for sale in May 2024, a 5.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 66
0.0%
2 2529
+16.0%
3 3842
+10.5%
4 1918
-5.3%
5+ 53
-40.0%

Summary: The Logan County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1932+68.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Logan County, expect to pay close to the asking price. 40.6% of homes here sold near the asking price last month.

Summary: A total of 32 homes were sold or pending in Logan County in May 2024, up by 68.4% month-over-month. Of the 32 sold homes, 22% were sold under asking, 41% were sold at asking, and 38% were sold over asking.

Days on Market for Logan County, IL

How long does it take to sell a home in Logan County, IL?

Average Sale Time

May 2023May 2024CHANGE
25 Days35 Days+38.9%

Summary: Homes in Logan County had an average of 35 days on market in May 2024, up by 38.9% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Logan County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 32 homes were sold in Logan County; 84% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Logan County, IL

Nearby Markets to Logan County, IL

What housing markets are near Logan County, IL?