Is Greene County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Greene County was a Seller's Market.
Key Takeaway
Greene 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 Greene County, IL
How much do homes in Greene County, IL cost?
Median Sold Price
$95,000
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Greene County have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Greene County was $95,000 in March 2024, up 11.8% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | $47.5K | +18.8% |
| 2 Bedrooms | $52K | $41.1K | -20.8% |
| 3 Bedrooms | $117.5K | $95K | -19.1% |
| 4 Bedrooms | $190.5K | $125K | -34.4% |
| 5+ Bedrooms | $217K | $332K | +53.0% |
Summary: Greene County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.8%, 2 bedroom homes decreased by 20.8%, 3 bedroom homes decreased by 19.1%, 4 bedroom homes decreased by 34.4%, and 5+ bedroom homes increased by 53%.
Median Sold Price Compared To Nearby Counties
| Greene County | $85K | $95K | +11.8% |
| Jersey County | $133.3K | $145K | +8.7% |
| Morgan County | $125K | $124.6K | -0.3% |
Housing Supply in Greene County, IL
How many homes are available in Greene County, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Summary: The Greene County real estate market had 18 homes for sale in March 2024, a 5.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Greene County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Greene County, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Greene County in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Greene County, IL
How long does it take to sell a home in Greene County, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 77 Days | 115 Days | +50.2% |
Summary: Homes in Greene County had an average of 115 days on market in Mar 2024, up by 50.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Greene County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 3 homes were sold in Greene County; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.