Is Marshall 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, Marshall County has remained a Seller's Market.
Housing Prices in Marshall County, IL
How much do homes in Marshall County, IL cost?
Median Sold Price
$128,750
$80/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Marshall County was $128,750 in March 2024, up 1.4% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $68K | $32.9K | -51.6% |
2 Bedrooms | $80.9K | $81.5K | +0.7% |
3 Bedrooms | $129K | $126.3K | -2.0% |
4 Bedrooms | $155K | $148.5K | -4.2% |
5+ Bedrooms | $300K | $300K | 0.0% |
Summary: Marshall County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.6%, 2 bedroom homes increased by 0.7%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Woodford County | $184.4K | $215.6K | +16.9% |
Peoria County | $129.8K | $134.8K | +3.9% |
Bureau County | $122.5K | $125K | +2.0% |
Marshall County | $127K | $128.7K | +1.4% |
Putnam County | $185K | $161K | -13.0% |
Housing Supply in Marshall County, IL
How many homes are available in Marshall County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 41 | +17.1% |
Summary: The Marshall County real estate market had 41 homes for sale in March 2024, a 17.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 18 | 19 | +5.6% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Marshall County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Marshall County in March 2024, down by 20.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Marshall County, IL
How long does it take to sell a home in Marshall County, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 73 Days | +181.0% |
Summary: Homes in Marshall County had an average of 73 days on market in Mar 2024, up by 181% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Marshall County; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.