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 June 2023

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.

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

+$40,000(+22.2%)

Key Takeaway

Homes in Piatt County have sold for 22.2% more than they did a year ago.

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

# BEDSJun 2023Jun 2024CHANGE
1 $135K$100K
-25.9%
2 $106.5K$144K
+35.2%
3 $180K$233.5K
+29.7%
4 $295K$355K
+20.3%
5+ $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
+22.2%
Champaign County
+13.1%
De Witt County
+7.0%
Douglas County
+3.6%

Housing Supply in Piatt County, IL

How many homes are available in Piatt County, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
6656-15.2%

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

# BEDSMay 2024Jun 2024CHANGE
1 10
-100.0%
2 1512
-20.0%
3 3025
-16.7%
4 1717
0.0%
5+ 32
-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 2024Jun 2024CHANGE
2617-34.6%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Piatt County, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

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 2023Jun 2024CHANGE
21 Days23 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 26 Days Ago

Newest Listings in Piatt County, IL

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