Is Massac County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Massac County was a Buyer's Market.
Key Takeaway
Massac County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Massac County, IL
How much do homes in Massac County, IL cost?
Median Sold Price
$87,500
$72/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Massac County have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Massac County was $87,500 in March 2024, up 12.8% from last year, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $38.5K | $45K | +16.9% |
| 2 Bedrooms | $58K | $59.2K | +2.2% |
| 3 Bedrooms | $85K | $107.9K | +27.0% |
| 4 Bedrooms | $154K | $131.2K | -14.8% |
| 5+ Bedrooms | $395.5K | $189K | -52.2% |
Summary: Massac County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.9%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 27%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes decreased by 52.2%.
Median Sold Price Compared To Nearby Counties
| Johnson County | $143.7K | $198.5K | +38.1% |
| Pulaski County | $79.9K | $100K | +25.1% |
| Massac County | $77.5K | $87.5K | +12.8% |
Housing Supply in Massac County, IL
How many homes are available in Massac County, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 43 | +10.3% |
Summary: The Massac County real estate market had 43 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Massac County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Massac 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 Massac County in March 2024, up by 14.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Massac County, IL
How long does it take to sell a home in Massac County, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 69 Days | 62 Days | -10.1% |
Summary: Homes in Massac County had an average of 62 days on market in Mar 2024, down by 10.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Massac County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Massac County; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.