Is Bureau County, 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, Bureau County has remained a Seller's Market.
Housing Prices in Bureau County, IL
How much do homes in Bureau County, IL cost?
Median Sold Price
$125,000
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bureau County was $125,000 in March 2024, up 2% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47K | $65K | +38.3% |
2 Bedrooms | $78K | $82.7K | +6.0% |
3 Bedrooms | $135K | $130K | -3.7% |
4 Bedrooms | $170K | $163K | -4.1% |
5+ Bedrooms | $150K | $175K | +16.7% |
Summary: Bureau County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.3%, 2 bedroom homes increased by 6%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Counties
Lee County | $135K | $160K | +18.5% |
Bureau County | $122.5K | $125K | +2.0% |
Marshall County | $127K | $128.7K | +1.4% |
Putnam County | $185K | $161K | -13.0% |
Housing Supply in Bureau County, IL
How many homes are available in Bureau County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
80 | 98 | +22.5% |
Summary: The Bureau County real estate market had 98 homes for sale in March 2024, a 22.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 17 | 20 | +17.6% |
3 Bedrooms | 39 | 49 | +25.6% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Bureau County 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 17.6%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 20 | +53.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Bureau County in March 2024, up by 53.8% month-over-month. Of the 20 sold homes, 70% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for Bureau County, IL
How long does it take to sell a home in Bureau County, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 41 Days | -25.0% |
Summary: Homes in Bureau County had an average of 41 days on market in Mar 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Bureau County; 60% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.