Is Dixon, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dixon is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Dixon was a Buyer's Market.

Key Takeaway

Dixon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$49,983(+45.4%)

Key Takeaway

Homes in Dixon have sold for 45.4% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $72.5K$140K
+93.1%
2 $90.1K$119K
+32.0%
3 $118K$171K
+44.9%
4 $126.5K$179.2K
+41.7%
5+ $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
+45.4%
Dixon Township
+35.0%

Housing Supply in Dixon, IL

How many homes are available in Dixon, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5659+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

# BEDSJan 2024Feb 2024CHANGE
1 02
+100.0%
2 1514
-6.7%
3 2632
+23.1%
4 108
-20.0%
5+ 53
-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 2024Feb 2024CHANGE
1516+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dixon, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
39 Days49 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Dixon are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Dixon, IL

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