Is Herrin, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Herrin has remained a Seller's Market.
Housing Prices in Herrin, IL
How much do homes in Herrin, IL cost?
Median Sold Price
$113,000
$76/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Herrin was $113,000 in June 2024, up 11.3% from last year, and the median price per square foot was $76.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $24K | $28K | +16.7% |
2 Bedrooms | $65.5K | $67K | +2.3% |
3 Bedrooms | $125K | $138.5K | +10.8% |
4 Bedrooms | $216K | $289K | +33.8% |
5+ Bedrooms | $248.2K | $290K | +16.8% |
Summary: Herrin housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 33.8%, and 5+ bedroom homes increased by 16.8%.
Median Sold Price Compared To Nearby Cities
Herrin | $101.5K | $113K | +11.3% |
Blairsville | $124.2K | $125K | +0.6% |
Carterville | $189.9K | $177.3K | -6.6% |
Housing Supply in Herrin, IL
How many homes are available in Herrin, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
67 | 64 | -4.5% |
Summary: The Herrin real estate market had 64 homes for sale in June 2024, a 4.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 18 | 16 | -11.1% |
3 Bedrooms | 33 | 33 | 0.0% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Herrin housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
19 | 12 | -36.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Herrin in June 2024, down by 36.8% month-over-month. Of the 12 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Herrin, IL
How long does it take to sell a home in Herrin, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
6 Days | 59 Days | +820.4% |
Summary: Homes in Herrin had an average of 59 days on market in Jun 2024, up by 820.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 12 homes were sold in Herrin; 42% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.