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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Logan County is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Logan County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Logan County, IL

How much do homes in Logan County, IL cost?

Median Sold Price

$123,000

$87/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$18,000(+17.1%)

Key Takeaway

Homes in Logan County have sold for 17.1% more than they did a year ago.

Summary: The median home sold price in Logan County was $123,000 in September 2024, up 17.1% from last year, and the median price per square foot was $87.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $29K$29.3K
+1.3%
2 $78K$79K
+1.3%
3 $119K$139.5K
+17.2%
4 $172.5K$161K
-6.7%
5+ $210K$212K
+1.0%

Summary: Logan County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 17.2%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 1%.

Median Sold Price Compared To Nearby Counties

Logan County
+17.1%
Sangamon County
+9.2%
De Witt County
+8.9%
Menard County
+5.0%

Housing Supply in Logan County, IL

How many homes are available in Logan County, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
9691-5.2%

Summary: The Logan County real estate market had 91 homes for sale in September 2024, a 5.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 43
-25.0%
2 2620
-23.1%
3 4244
+4.8%
4 1718
+5.9%
5+ 76
-14.3%

Summary: The Logan County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2721-22.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Logan County, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Logan County in September 2024, down by 22.2% month-over-month. Of the 21 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for Logan County, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
12 Days26 Days+111.0%

Summary: Homes in Logan County had an average of 26 days on market in Sep 2024, up by 111% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 21 homes were sold in Logan County; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% 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 Sep 1, 2024

Newest Listings in Logan County, IL

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