Is Hamilton County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hamilton County is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Hamilton County was a Neutral Market.

Key Takeaway

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

Housing Prices in Hamilton County, IL

How much do homes in Hamilton County, IL cost?

Median Sold Price

$195,000

$91/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$18,250(+10.3%)

Key Takeaway

Homes in Hamilton County have sold for 10.3% more than they did a month ago.

Summary: The median home sold price in Hamilton County was $195,000 in March 2024, up 10.3% from last month, and the median price per square foot was $91.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $176.7K$157.5K
-10.9%
4 -$195K
N/A
5+ --
N/A

Summary: Hamilton County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 10.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Hamilton County, IL

How many homes are available in Hamilton County, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1314+7.7%

Summary: The Hamilton County real estate market had 14 homes for sale in March 2024, a 7.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 99
0.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Hamilton 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hamilton County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Hamilton County in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Hamilton County, IL

How long does it take to sell a home in Hamilton County, IL?

Average Sale Time

Feb 2024Mar 2024CHANGE
61 Days69 Days+13.7%

Summary: Homes in Hamilton County had an average of 69 days on market in Mar 2024, up by 13.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 3 homes were sold in Hamilton County; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 Hamilton County, IL

Nearby Markets to Hamilton County, IL

What housing markets are near Hamilton County, IL?