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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Piatt County is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in Piatt County, IL cost?

Median Sold Price

$184,500

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$29,500(+19.0%)

Key Takeaway

Homes in Piatt County have sold for 19% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $472.7K$201K
-57.5%
2 $103.5K$112.5K
+8.7%
3 $159K$180K
+13.2%
4 $247K$285.9K
+15.7%
5+ $428K$425K
-0.7%

Median Sold Price Compared To Nearby Counties

Piatt County
+19.0%
Champaign County
+5.6%
De Witt County
+2.8%
Douglas County
0.1%

How many homes are available in Piatt County, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
6657-13.6%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 1111
0.0%
3 2620
-23.1%
4 2422
-8.3%
5+ 54
-20.0%

Number of Homes Sold

Aug 2022Sep 2022%
1821+16.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Piatt County, expect to pay close to the asking price. 38.1% of homes here sold near the asking price last month.

Average Sale Time

Sep 2021Sep 2022%
27 Days12 Days-52.6%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Piatt County are selling fast, if you're buying plan to act quickly.

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

About Piatt County, IL

Number of homes for sale in Piatt County, IL real estate market have reached 57. The inventory of homes for sale in Piatt County, IL between August 2022 and September 2022 decreased by 13.6%. While the average time on the market in September 2022 was 12 days, the median list price was $184,500. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices decreased by 57.5%, prices of 2 bedrooms properties increased by 8.7%, 3 bedrooms properties prices increased by 13.2%, the cost of 4 bedrooms properties went up by 15.7%, prices of 5 bedrooms properties went down by 0.7%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, 2 bedrooms homes inventory did not change, 3 bedrooms homes inventory decreased by 23.1%, 4 bedrooms homes became 8.3% less available, 5 bedrooms homes became 20% less available. While more than 6 listings in Piatt County, IL in September 2022 were sold above asking price, there were more than 8 listings sold at asking price, and more than 7 were sold below.

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