Is Chillicothe, 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, Chillicothe has remained a Seller's Market.
Key Takeaway
Chillicothe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chillicothe, IL
How much do homes in Chillicothe, IL cost?
Median Sold Price
$157,500
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chillicothe have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in Chillicothe was $157,500 in April 2024, up 16.7% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68.5K | $61K | -10.9% |
| 2 Bedrooms | $73.7K | $102.7K | +39.3% |
| 3 Bedrooms | $135K | $155.7K | +15.3% |
| 4 Bedrooms | $184.5K | $187.5K | +1.6% |
| 5+ Bedrooms | $192.5K | $310K | +61.0% |
Summary: Chillicothe housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.9%, 2 bedroom homes increased by 39.3%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 61%.
Median Sold Price Compared To Nearby Cities
| Chillicothe | $135K | $157.5K | +16.7% |
| Chillicothe Township | $135K | $157K | +16.3% |
Housing Supply in Chillicothe, IL
How many homes are available in Chillicothe, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 29 | -21.6% |
Summary: The Chillicothe real estate market had 29 homes for sale in April 2024, a 21.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 4 | -55.6% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Chillicothe 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 decreased by 55.6%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Chillicothe, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Chillicothe in April 2024, down by 7.1% month-over-month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% were sold over asking.
Days on Market for Chillicothe, IL
How long does it take to sell a home in Chillicothe, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 23 Days | -3.3% |
Summary: Homes in Chillicothe had an average of 23 days on market in Apr 2024, down by 3.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chillicothe are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Chillicothe; 77% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.