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 March 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

$221,750

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$41,750(+23.2%)

Key Takeaway

Homes in Piatt County have sold for 23.2% more than they did a year ago.

Summary: The median home sold price in Piatt County was $221,750 in March 2024, up 23.2% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $135K$79.2K
-41.3%
2 $110K$136K
+23.6%
3 $180K$235K
+30.6%
4 $280K$297.4K
+6.2%
5+ $325K$79.7K
-75.5%

Summary: Piatt County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.3%, 2 bedroom homes increased by 23.6%, 3 bedroom homes increased by 30.6%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 75.5%.

Median Sold Price Compared To Nearby Counties

Piatt County
+23.2%
De Witt County
+16.4%
Champaign County
+11.0%
Douglas County
+5.5%

Housing Supply in Piatt County, IL

How many homes are available in Piatt County, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4443-2.3%

Summary: The Piatt County real estate market had 43 homes for sale in March 2024, a 2.3% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 911
+22.2%
3 2422
-8.3%
4 97
-22.2%
5+ 22
0.0%

Summary: The Piatt County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 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. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Piatt County in March 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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

Mar 2023Mar 2024CHANGE
62 Days66 Days+6.0%

Summary: Homes in Piatt County had an average of 66 days on market in Mar 2024, up by 6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Piatt County has remained consistent over time.

Summary: During March 2024, 8 homes were sold in Piatt County; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% 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 20 Days Ago

Newest Listings in Piatt County, IL

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