Is Macoupin County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Macoupin County was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $51.7K | $78.7K | +52.2% |
2 Bedrooms | $75.5K | $84K | +11.3% |
3 Bedrooms | $130K | $135K | +3.8% |
4 Bedrooms | $200K | $190K | -5.0% |
5+ Bedrooms | $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 | $90K | $102K | +13.3% |
Jersey County | $133.3K | $145K | +8.7% |
Madison County | $164.6K | $173.2K | +5.2% |
Macoupin County | $122.3K | $124.5K | +1.7% |
Housing Supply in Macoupin County, IL
How many homes are available in Macoupin County, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
145 | 129 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 39 | 32 | -17.9% |
3 Bedrooms | 72 | 66 | -8.3% |
4 Bedrooms | 23 | 23 | 0.0% |
5+ Bedrooms | 9 | 6 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
38 | 16 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
75 Days | 74 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
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.