Is Knox County, 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, Knox County has remained a Seller's Market.
Housing Prices in Knox County, IL
How much do homes in Knox County, IL cost?
Median Sold Price
$109,990
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Knox County was $109,990 in March 2024, up 12.6% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $56.5K | $31K | -45.1% |
2 Bedrooms | $72K | $75K | +4.2% |
3 Bedrooms | $109.9K | $113.9K | +3.7% |
4 Bedrooms | $156K | $167.3K | +7.3% |
5+ Bedrooms | $162.5K | $169.5K | +4.3% |
Summary: Knox County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.1%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Counties
Knox County | $97.7K | $109.9K | +12.6% |
Peoria County | $129.8K | $134.8K | +3.9% |
Fulton County | $90.8K | $94K | +3.5% |
Warren County | $93K | $74.9K | -19.5% |
Housing Supply in Knox County, IL
How many homes are available in Knox County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
132 | 137 | +3.8% |
Summary: The Knox County real estate market had 137 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 29 | 38 | +31.0% |
3 Bedrooms | 70 | 65 | -7.1% |
4 Bedrooms | 23 | 21 | -8.7% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Knox County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 31%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 38 | +52.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Knox County in March 2024, up by 52.0% month-over-month. Of the 38 sold homes, 79% were sold under asking, 16% were sold at asking, and 5% were sold over asking.
Days on Market for Knox County, IL
How long does it take to sell a home in Knox County, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 55 Days | +19.6% |
Summary: Homes in Knox County had an average of 55 days on market in Mar 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 38 homes were sold in Knox County; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.