Is Farmer City, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Farmer City is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Farmer City has remained a Seller's Market.

Key Takeaway

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

How much do homes in Farmer City, IL cost?

Median Sold Price

$130,000

$84/sqft

Based on all homes sold in January 2023.

Difference Since Last Month

-$9,000(-6.5%)

Key Takeaway

Homes in Farmer City have sold for 6.5% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSDec 2022Jan 2023%
1 --
N/A
2 $139K-
N/A
3 $148K$130K
-12.2%
4 $133.9K-
N/A
5+ --
N/A

How many homes are available in Farmer City, IL?

Number of Homes For Sale

Dec 2022Jan 2023%
880.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 10
-100.0%
3 46
+50.0%
4 32
-33.3%
5+ 00
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Farmer City, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Dec 2022Jan 2023%
5 Days22 Days+350.0%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Farmer City, IL

Farmer City, IL has 8 homes for sale to choose from. While the average time on the market in January 2023 was 22 days, the median list price was $130,000. From January 2022 through January 2023, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 0%, 3 bedrooms properties prices decreased by 12.2%, the cost of 4 bedrooms properties went up by 0%, 5 bedrooms properties became 0% more expensive. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, 2 bedrooms homes became 100% less available, 3 bedrooms homes became 50% more available, number of 4 bedrooms homes decreased by 33.3%, volume of 5 bedrooms homes stayed the same. Over 0 listings were sold over their listed price in January 2023 in Farmer City, IL. In the same period over 2 listings were sold below the listed price and 0 listings were sold for the listed price.