Is Iroquois County, 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, Iroquois County has remained a Seller's Market.
Housing Prices in Iroquois County, IL
How much do homes in Iroquois County, IL cost?
Median Sold Price
$128,825
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Iroquois County was $128,825 in April 2024, up 7.4% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $52.1K | $61.7K | +18.5% |
2 Bedrooms | $83K | $92.4K | +11.4% |
3 Bedrooms | $130K | $135K | +3.8% |
4 Bedrooms | $167K | $139.5K | -16.5% |
5+ Bedrooms | $129.9K | $225K | +73.2% |
Summary: Iroquois County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 16.5%, and 5+ bedroom homes increased by 73.2%.
Median Sold Price Compared To Nearby Counties
Kankakee County | $179.9K | $201.2K | +11.8% |
Iroquois County | $120K | $128.8K | +7.4% |
Housing Supply in Iroquois County, IL
How many homes are available in Iroquois County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
99 | 106 | +7.1% |
Summary: The Iroquois County real estate market had 106 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 59 | 59 | 0.0% |
4 Bedrooms | 19 | 21 | +10.5% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Iroquois County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 29 | +31.8% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Iroquois County in April 2024, up by 31.8% month-over-month. Of the 29 sold homes, 69% were sold under asking, 21% were sold at asking, and 10% were sold over asking.
Days on Market for Iroquois County, IL
How long does it take to sell a home in Iroquois County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
72 Days | 73 Days | +1.8% |
Summary: Homes in Iroquois County had an average of 73 days on market in Apr 2024, up by 1.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in Iroquois County; 52% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.