Is McDonough County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, McDonough County has remained a Seller's Market.
Housing Prices in McDonough County, IL
How much do homes in McDonough County, IL cost?
Median Sold Price
$90,833
$65/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in McDonough County was $90,833 in April 2024, up 5.9% from last year, and the median price per square foot was $65.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $30K | $48K | +60.0% |
2 Bedrooms | $56.7K | $66K | +16.4% |
3 Bedrooms | $98.9K | $101K | +2.1% |
4 Bedrooms | $135.5K | $160K | +18.1% |
5+ Bedrooms | $177.5K | $177.7K | 0.1% |
Summary: McDonough County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Counties
McDonough County | $85.7K | $90.8K | +5.9% |
Fulton County | $89K | $93K | +4.5% |
Warren County | $93K | $74.4K | -19.9% |
Housing Supply in McDonough County, IL
How many homes are available in McDonough County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 | 113 | +11.9% |
Summary: The McDonough County real estate market had 113 homes for sale in April 2024, a 11.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 7 | +75.0% |
2 Bedrooms | 33 | 33 | 0.0% |
3 Bedrooms | 46 | 44 | -4.3% |
4 Bedrooms | 17 | 24 | +41.2% |
5+ Bedrooms | 1 | 5 | +400.0% |
Summary: The McDonough County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes increased by 400%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 20 | +17.6% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in McDonough County in April 2024, up by 17.6% month-over-month. Of the 20 sold homes, 80% were sold under asking, 5% were sold at asking, and 15% were sold over asking.
Days on Market for McDonough County, IL
How long does it take to sell a home in McDonough County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
116 Days | 69 Days | -40.1% |
Summary: Homes in McDonough County had an average of 69 days on market in Apr 2024, down by 40.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in McDonough County; 60% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.