Is Austin, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Austin has remained a Seller's Market.
Housing Prices in Austin, IL
How much do homes in Austin, IL cost?
Median Sold Price
$285,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Austin was $285,000 in March 2024, up 8.5% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $338K | -3.4% |
2 Bedrooms | $129K | $176K | +36.4% |
3 Bedrooms | $219.5K | $240K | +9.3% |
4 Bedrooms | $275K | $284K | +3.3% |
5+ Bedrooms | $295K | $350K | +18.6% |
Summary: Austin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 18.6%.
Housing Supply in Austin, IL
How many homes are available in Austin, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
189 | 216 | +14.3% |
Summary: The Austin real estate market had 216 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 15 | 17 | +13.3% |
3 Bedrooms | 42 | 42 | 0.0% |
4 Bedrooms | 49 | 59 | +20.4% |
5+ Bedrooms | 78 | 93 | +19.2% |
Summary: The Austin housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 19.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 37 | +37.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Austin in March 2024, up by 37.0% month-over-month. Of the 37 sold homes, 46% were sold under asking, 16% were sold at asking, and 38% were sold over asking.
Days on Market for Austin, IL
How long does it take to sell a home in Austin, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 38 Days | -40.6% |
Summary: Homes in Austin had an average of 38 days on market in Mar 2024, down by 40.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in Austin; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.