Is Macomb, 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, Macomb has remained a Seller's Market.
Housing Prices in Macomb, IL
How much do homes in Macomb, IL cost?
Median Sold Price
$99,000
$69/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Macomb was $99,000 in April 2024, up 18.6% from last year, and the median price per square foot was $69.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $37.5K | $48K | +28.0% |
2 Bedrooms | $55.4K | $73.4K | +32.4% |
3 Bedrooms | $103K | $105.7K | +2.7% |
4 Bedrooms | $135K | $161K | +19.3% |
5+ Bedrooms | $67.5K | $177.7K | +163.3% |
Summary: Macomb housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28%, 2 bedroom homes increased by 32.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 163.3%.
Median Sold Price Compared To Nearby Cities
Macomb | $83.5K | $99K | +18.6% |
Macomb City Township | $81.2K | $87.2K | +7.4% |
Housing Supply in Macomb, IL
How many homes are available in Macomb, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
79 | 89 | +12.7% |
Summary: The Macomb real estate market had 89 homes for sale in April 2024, a 12.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 26 | 27 | +3.8% |
3 Bedrooms | 34 | 33 | -2.9% |
4 Bedrooms | 14 | 19 | +35.7% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Macomb housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 19 | +46.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Macomb in April 2024, up by 46.2% month-over-month. Of the 19 sold homes, 84% were sold under asking, 5% were sold at asking, and 11% were sold over asking.
Days on Market for Macomb, IL
How long does it take to sell a home in Macomb, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
105 Days | 72 Days | -31.2% |
Summary: Homes in Macomb had an average of 72 days on market in Apr 2024, down by 31.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Macomb; 58% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.