Is Piatt County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Piatt County has remained a Seller's Market.
Housing Prices in Piatt County, IL
How much do homes in Piatt County, IL cost?
Median Sold Price
$220,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Piatt County was $220,000 in June 2024, up 22.2% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $100K | -25.9% |
2 Bedrooms | $106.5K | $144K | +35.2% |
3 Bedrooms | $180K | $233.5K | +29.7% |
4 Bedrooms | $295K | $355K | +20.3% |
5+ Bedrooms | $337K | $162.5K | -51.8% |
Summary: Piatt County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.9%, 2 bedroom homes increased by 35.2%, 3 bedroom homes increased by 29.7%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes decreased by 51.8%.
Median Sold Price Compared To Nearby Counties
Piatt County | $180K | $220K | +22.2% |
Champaign County | $193.5K | $218.8K | +13.1% |
De Witt County | $128K | $137K | +7.0% |
Douglas County | $131.2K | $136K | +3.6% |
Housing Supply in Piatt County, IL
How many homes are available in Piatt County, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
66 | 56 | -15.2% |
Summary: The Piatt County real estate market had 56 homes for sale in June 2024, a 15.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 15 | 12 | -20.0% |
3 Bedrooms | 30 | 25 | -16.7% |
4 Bedrooms | 17 | 17 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Piatt County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
26 | 17 | -34.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Piatt County in June 2024, down by 34.6% month-over-month. Of the 17 sold homes, 41% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Piatt County, IL
How long does it take to sell a home in Piatt County, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
21 Days | 23 Days | +9.2% |
Summary: Homes in Piatt County had an average of 23 days on market in Jun 2024, up by 9.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 17 homes were sold in Piatt County; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.