Is Herrin, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$114,900
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Herrin was $114,900 in March 2024, up 21.3% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $36.7K | $28K | -23.8% |
2 Bedrooms | $65K | $65.3K | 0.5% |
3 Bedrooms | $102.5K | $134K | +30.7% |
4 Bedrooms | $250K | $225K | -10.0% |
5+ Bedrooms | $216.5K | $336K | +55.2% |
Summary: Herrin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.8%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 30.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 55.2%.
Median Sold Price Compared To Nearby Cities
Herrin | $94.7K | $114.9K | +21.3% |
Blairsville | $107.5K | $119K | +10.7% |
Carterville | $190K | $180K | -5.3% |
Housing Supply in Herrin, IL
How many homes are available in Herrin, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 65 | +1.6% |
Summary: The Herrin real estate market had 65 homes for sale in March 2024, a 1.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 24 | 23 | -4.2% |
3 Bedrooms | 30 | 31 | +3.3% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Herrin 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 decreased by 4.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 15 | +87.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Herrin in March 2024, up by 87.5% month-over-month. Of the 15 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
99 Days | 28 Days | -70.9% |
Summary: Homes in Herrin had an average of 28 days on market in Mar 2024, down by 70.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Herrin; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.