Is Menard 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, Menard County has remained a Seller's Market.
Key Takeaway
Menard County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Menard County, IL
How much do homes in Menard County, IL cost?
Median Sold Price
$165,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Menard County have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Menard County was $165,000 in April 2024, up 10.2% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $52.5K | $50K | -4.8% |
| 2 Bedrooms | $97.5K | $110K | +12.8% |
| 3 Bedrooms | $160K | $182.2K | +13.9% |
| 4 Bedrooms | $275K | $175K | -36.4% |
| 5+ Bedrooms | $296K | $166.5K | -43.8% |
Summary: Menard County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes decreased by 43.8%.
Median Sold Price Compared To Nearby Counties
| Mason County | $81K | $90K | +11.1% |
| Menard County | $149.7K | $165K | +10.2% |
| Sangamon County | $163.6K | $170K | +3.9% |
| Logan County | $115K | $113K | -1.7% |
Housing Supply in Menard County, IL
How many homes are available in Menard County, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 40 | +25.0% |
Summary: The Menard County real estate market had 40 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Menard County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 15 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Menard County, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Menard County in April 2024, up by 66.7% month-over-month. Of the 15 sold homes, 33% were sold under asking, 40% were sold at asking, and 27% were sold over asking.
Days on Market for Menard County, IL
How long does it take to sell a home in Menard County, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 34 Days | -37.8% |
Summary: Homes in Menard County had an average of 34 days on market in Apr 2024, down by 37.8% compared to last year.
Breakdown of Home Sale Times
10 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 Menard County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Menard County; 67% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.