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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Macoupin County is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Macoupin County was a Seller's Market.

Key Takeaway

Macoupin County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Macoupin County, IL

How much do homes in Macoupin County, IL cost?

Median Sold Price

$124,500

$89/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$2,125(+1.7%)

Key Takeaway

Homes in Macoupin County have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Macoupin County was $124,500 in February 2024, up 1.7% from last year, and the median price per square foot was $89.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $51.7K$78.7K
+52.2%
2 $75.5K$84K
+11.3%
3 $130K$135K
+3.8%
4 $200K$190K
-5.0%
5+ $212K$203K
-4.2%

Summary: Macoupin County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.2%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 4.2%.

Median Sold Price Compared To Nearby Counties

Montgomery County
+13.3%
Jersey County
+8.7%
Madison County
+5.2%
Macoupin County
+1.7%

Housing Supply in Macoupin County, IL

How many homes are available in Macoupin County, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
145129-11.0%

Summary: The Macoupin County real estate market had 129 homes for sale in February 2024, a 11.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 3932
-17.9%
3 7266
-8.3%
4 2323
0.0%
5+ 96
-33.3%

Summary: The Macoupin County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 17.9%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3816-57.9%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Macoupin County, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Macoupin County in February 2024, down by 57.9% month-over-month. Of the 16 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% 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

Feb 2023Feb 2024CHANGE
75 Days74 Days-1.0%

Summary: Homes in Macoupin County had an average of 74 days on market in Feb 2024, down by 1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Macoupin County has remained consistent over time.

Summary: During February 2024, 16 homes were sold in Macoupin County; 13% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 38% 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 18 Days Ago

Newest Listings in Macoupin County, IL

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