Is Austin, 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, Austin has remained a Seller's Market.
Housing Prices in Austin, IL
How much do homes in Austin, IL cost?
Median Sold Price
$289,083
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Austin was $289,083 in April 2024, up 15.3% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $349K | -0.3% |
2 Bedrooms | $96.5K | $176K | +82.4% |
3 Bedrooms | $212K | $240K | +13.2% |
4 Bedrooms | $273.3K | $285K | +4.3% |
5+ Bedrooms | $291.7K | $350K | +20.0% |
Summary: Austin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes increased by 82.4%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 20%.
Housing Supply in Austin, IL
How many homes are available in Austin, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
198 | 240 | +21.2% |
Summary: The Austin real estate market had 240 homes for sale in April 2024, a 21.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 7 | +75.0% |
2 Bedrooms | 17 | 23 | +35.3% |
3 Bedrooms | 34 | 49 | +44.1% |
4 Bedrooms | 56 | 68 | +21.4% |
5+ Bedrooms | 87 | 93 | +6.9% |
Summary: The Austin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 35.3%, 3 bedroom homes increased by 44.1%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 6.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 43 | +13.2% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Austin in April 2024, up by 13.2% month-over-month. Of the 43 sold homes, 49% were sold under asking, 16% were sold at asking, and 35% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 60 Days | +11.5% |
Summary: Homes in Austin had an average of 60 days on market in Apr 2024, up by 11.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 43 homes were sold in Austin; 47% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.