Is Macomb, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Macomb is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

+$15,500(+18.6%)

Key Takeaway

Homes in Macomb have sold for 18.6% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $37.5K$48K
+28.0%
2 $55.4K$73.4K
+32.4%
3 $103K$105.7K
+2.7%
4 $135K$161K
+19.3%
5+ $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
+18.6%
Macomb City Township
+7.4%

Housing Supply in Macomb, IL

How many homes are available in Macomb, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7989+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

# BEDSMar 2024Apr 2024CHANGE
1 46
+50.0%
2 2627
+3.8%
3 3433
-2.9%
4 1419
+35.7%
5+ 14
+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 2024Apr 2024CHANGE
1319+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Macomb, you may be able to get a good deal. 84.2% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
105 Days72 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Macomb, IL

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