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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marshall County is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

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

+$1,750(+1.4%)

Key Takeaway

Homes in Marshall County have sold for 1.4% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $68K$32.9K
-51.6%
2 $80.9K$81.5K
+0.7%
3 $129K$126.3K
-2.0%
4 $155K$148.5K
-4.2%
5+ $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
+16.9%
Peoria County
+3.9%
Bureau County
+2.0%
Marshall County
+1.4%
Putnam County
-13.0%

Housing Supply in Marshall County, IL

How many homes are available in Marshall County, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3541+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

# BEDSFeb 2024Mar 2024CHANGE
1 20
-100.0%
2 711
+57.1%
3 1819
+5.6%
4 79
+28.6%
5+ 12
+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 2024Mar 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

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 2023Mar 2024CHANGE
26 Days73 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 24 Days Ago

Newest Listings in Marshall County, IL

Nearby Markets to Marshall County, IL

What housing markets are near Marshall County, IL?