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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Adams County is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Adams County was a Neutral Market.

Key Takeaway

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

Housing Prices in Adams County, IL

How much do homes in Adams County, IL cost?

Median Sold Price

$136,250

$97/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$300(+0.2%)

Key Takeaway

The sold price of homes in Adams County has remained the same since last month.

Summary: The median home sold price in Adams County was $136,250 in March 2024, up 0.2% from last month, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 $67.5K-
N/A
2 $106.5K$125K
+17.4%
3 $175.7K$130K
-26.0%
4 $143.5K$199.7K
+39.2%
5+ $215K$509.4K
+136.9%

Summary: Adams County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.4%, 3 bedroom homes decreased by 26%, 4 bedroom homes increased by 39.2%, and 5+ bedroom homes increased by 136.9%.

Median Sold Price Compared To Nearby Counties

Pike County
+203.7%
Adams County
0.2%
Hancock County
-88.8%

Housing Supply in Adams County, IL

How many homes are available in Adams County, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
236267+13.1%

Summary: The Adams County real estate market had 267 homes for sale in March 2024, a 13.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 910
+11.1%
2 5970
+18.6%
3 94106
+12.8%
4 5561
+10.9%
5+ 1920
+5.3%

Summary: The Adams County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3466+94.1%

Asking Price vs. Sold Price

41 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Adams County, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.

Summary: A total of 66 homes were sold or pending in Adams County in March 2024, up by 94.1% month-over-month. Of the 66 sold homes, 62% were sold under asking, 23% were sold at asking, and 15% were sold over asking.

Days on Market for Adams County, IL

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

Average Sale Time

Feb 2024Mar 2024CHANGE
61 Days54 Days-11.5%

Summary: Homes in Adams County had an average of 54 days on market in Mar 2024, down by 11.5% compared to last month.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 66 homes were sold in Adams County; 53% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 26% 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 26 Days Ago

Newest Listings in Adams County, IL

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What housing markets are near Adams County, IL?