Is Dixon, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Dixon was a Buyer's Market.
Housing Prices in Dixon, IL
How much do homes in Dixon, IL cost?
Median Sold Price
$159,983
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Dixon was $159,983 in February 2024, up 45.4% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $72.5K | $140K | +93.1% |
2 Bedrooms | $90.1K | $119K | +32.0% |
3 Bedrooms | $118K | $171K | +44.9% |
4 Bedrooms | $126.5K | $179.2K | +41.7% |
5+ Bedrooms | $165K | $216K | +30.9% |
Summary: Dixon housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93.1%, 2 bedroom homes increased by 32%, 3 bedroom homes increased by 44.9%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 30.9%.
Median Sold Price Compared To Nearby Cities
Dixon | $110K | $159.9K | +45.4% |
Dixon Township | $118.5K | $159.9K | +35.0% |
Housing Supply in Dixon, IL
How many homes are available in Dixon, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
56 | 59 | +5.4% |
Summary: The Dixon real estate market had 59 homes for sale in February 2024, a 5.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 15 | 14 | -6.7% |
3 Bedrooms | 26 | 32 | +23.1% |
4 Bedrooms | 10 | 8 | -20.0% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Dixon housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 23.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Dixon in February 2024, up by 6.7% month-over-month. Of the 16 sold homes, 56% were sold under asking, 19% were sold at asking, and 25% were sold over asking.
Days on Market for Dixon, IL
How long does it take to sell a home in Dixon, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
39 Days | 49 Days | +25.5% |
Summary: Homes in Dixon had an average of 49 days on market in Feb 2024, up by 25.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 16 homes were sold in Dixon; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.