Is Knoxville, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Knoxville has remained a Seller's Market.
Key Takeaway
Knoxville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Knoxville, IL
How much do homes in Knoxville, IL cost?
Median Sold Price
$153,500
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Knoxville have sold for 36.1% more than they did a year ago.
Summary: The median home sold price in Knoxville was $153,500 in April 2024, up 36.1% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $77.4K | $116K | +49.8% |
| 3 Bedrooms | $142K | $135K | -4.9% |
| 4 Bedrooms | $101.5K | $210K | +106.9% |
| 5+ Bedrooms | $385K | - | N/A |
Summary: Knoxville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 49.8%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 106.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Knoxville | $112.7K | $153.5K | +36.1% |
| Knox Township | $121.9K | $144.6K | +18.6% |
| Galesburg | $92.8K | $99.6K | +7.3% |
| Galesburg City Township | $92.6K | $95.7K | +3.4% |
Housing Supply in Knoxville, IL
How many homes are available in Knoxville, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Knoxville real estate market had 15 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Knoxville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
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 Knoxville, 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 Knoxville in April 2024, the same as the previous 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 Knoxville, IL
How long does it take to sell a home in Knoxville, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 78 Days | 11 Days | -85.5% |
Summary: Homes in Knoxville had an average of 11 days on market in Apr 2024, down by 85.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Knoxville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Knoxville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.