Is Fayette County, 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, Fayette County was a Buyer's Market.
Housing Prices in Fayette County, IL
How much do homes in Fayette County, IL cost?
Median Sold Price
$115,000
$74/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since February 2023.
Summary: The median home sold price in Fayette County was $115,000 in February 2024, the same as last year, and the median price per square foot was $74.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $35.5K | - | N/A |
2 Bedrooms | $60K | $60K | 0.0% |
3 Bedrooms | $123.5K | $122.2K | -1.0% |
4 Bedrooms | $145K | $160K | +10.3% |
5+ Bedrooms | $208K | $210.2K | +1.1% |
Summary: Fayette County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Counties
Montgomery County | $90K | $102K | +13.3% |
Bond County | $135K | $149.7K | +10.9% |
Fayette County | $115K | $115K | 0.0% |
Housing Supply in Fayette County, IL
How many homes are available in Fayette County, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
31 | 35 | +12.9% |
Summary: The Fayette County real estate market had 35 homes for sale in February 2024, a 12.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 16 | 18 | +12.5% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Fayette County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 10 | +233.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Fayette County in February 2024, up by 233.3% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Fayette County, IL
How long does it take to sell a home in Fayette County, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
38 Days | 66 Days | +73.9% |
Summary: Homes in Fayette County had an average of 66 days on market in Feb 2024, up by 73.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 10 homes were sold in Fayette County; 20% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.