Is Clay County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Clay County was a Seller's Market.
Key Takeaway
Clay County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Clay County, IL
How much do homes in Clay County, IL cost?
Median Sold Price
$89,900
$73/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Clay County has remained the same since last year.
Summary: The median home sold price in Clay County was $89,900 in May 2024, down 0.1% from last year, and the median price per square foot was $73.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $46.9K | $81K | +72.5% |
| 2 Bedrooms | $69.4K | $73K | +5.1% |
| 3 Bedrooms | $98.5K | $99K | 0.5% |
| 4 Bedrooms | $110K | $175K | +59.1% |
| 5+ Bedrooms | $165K | $185K | +12.1% |
Summary: Clay County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.5%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 59.1%, and 5+ bedroom homes increased by 12.1%.
Housing Supply in Clay County, IL
How many homes are available in Clay County, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The Clay County real estate market had 28 homes for sale in May 2024, a 3.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 16 | +60.0% |
| 3 Bedrooms | 15 | 10 | -33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Clay County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Clay County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Clay County in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Clay County, IL
How long does it take to sell a home in Clay County, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 57 Days | +670.3% |
Summary: Homes in Clay County had an average of 57 days on market in May 2024, up by 670.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Clay County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Clay County; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.