Is Saline County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Saline County was a Seller's Market.
Key Takeaway
Saline County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Saline County, IL
How much do homes in Saline County, IL cost?
Median Sold Price
$80,000
$61/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Saline County have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Saline County was $80,000 in May 2024, down 3.6% from last year, and the median price per square foot was $61.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54K | $29.7K | -44.9% |
| 2 Bedrooms | $49.6K | $51K | +2.8% |
| 3 Bedrooms | $109K | $93.5K | -14.2% |
| 4 Bedrooms | $145.1K | $158.5K | +9.2% |
| 5+ Bedrooms | $117.2K | $59K | -49.7% |
Summary: Saline County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.9%, 2 bedroom homes increased by 2.8%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 49.7%.
Median Sold Price Compared To Nearby Counties
| Williamson County | $146.4K | $164.4K | +12.2% |
| Saline County | $83K | $80K | -3.6% |
| Franklin County | $92.5K | $85K | -8.0% |
Housing Supply in Saline County, IL
How many homes are available in Saline County, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 71 | 81 | +14.1% |
Summary: The Saline County real estate market had 81 homes for sale in May 2024, a 14.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 22 | 23 | +4.5% |
| 3 Bedrooms | 35 | 43 | +22.9% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Saline 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 4.5%, 3 bedroom homes increased by 22.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Saline County, you may be able to get a good deal. 92.3% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Saline County in May 2024, up by 18.2% month-over-month. Of the 13 sold homes, 92% were sold under asking, 0% were sold at asking, and 8% were sold over asking.
Days on Market for Saline County, IL
How long does it take to sell a home in Saline County, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 116 Days | +205.7% |
Summary: Homes in Saline County had an average of 116 days on market in May 2024, up by 205.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Saline County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 13 homes were sold in Saline County; 38% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 54% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.