Is Macoupin 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, Macoupin County has remained a Seller's Market.
Housing Prices in Macoupin County, IL
How much do homes in Macoupin County, IL cost?
Median Sold Price
$123,950
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Macoupin County was $123,950 in March 2024, up 1.5% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | $76K | +26.7% |
2 Bedrooms | $76K | $85K | +11.8% |
3 Bedrooms | $130K | $135.5K | +4.2% |
4 Bedrooms | $200K | $185K | -7.5% |
5+ Bedrooms | $194.7K | $215.5K | +10.7% |
Summary: Macoupin County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Counties
Montgomery County | $90K | $105.5K | +17.2% |
Greene County | $85K | $95K | +11.8% |
Jersey County | $133.3K | $145K | +8.7% |
Madison County | $164.9K | $174.8K | +6.0% |
Macoupin County | $122.1K | $123.9K | +1.5% |
Housing Supply in Macoupin County, IL
How many homes are available in Macoupin County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
131 | 164 | +25.2% |
Summary: The Macoupin County real estate market had 164 homes for sale in March 2024, a 25.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 33 | 44 | +33.3% |
3 Bedrooms | 67 | 79 | +17.9% |
4 Bedrooms | 22 | 29 | +31.8% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Macoupin County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 34 | +112.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Macoupin County in March 2024, up by 112.5% month-over-month. Of the 34 sold homes, 71% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for Macoupin County, IL
How long does it take to sell a home in Macoupin County, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 62 Days | +58.9% |
Summary: Homes in Macoupin County had an average of 62 days on market in Mar 2024, up by 58.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in Macoupin County; 35% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.