Is Randolph County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Randolph County has remained a Seller's Market.
Housing Prices in Randolph County, IL
How much do homes in Randolph County, IL cost?
Median Sold Price
$134,500
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Randolph County was $134,500 in March 2024, up 6.7% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $74K | $64.7K | -12.5% |
2 Bedrooms | $99.1K | $78.7K | -20.5% |
3 Bedrooms | $134.7K | $139K | +3.2% |
4 Bedrooms | $126K | $239K | +89.7% |
5+ Bedrooms | $181K | $220K | +21.5% |
Summary: Randolph County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 20.5%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 89.7%, and 5+ bedroom homes increased by 21.5%.
Median Sold Price Compared To Nearby Counties
Monroe County | $285K | $309.3K | +8.5% |
Randolph County | $126K | $134.5K | +6.7% |
Jackson County | $124K | $129K | +4.0% |
Housing Supply in Randolph County, IL
How many homes are available in Randolph County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 76 | +15.2% |
Summary: The Randolph County real estate market had 76 homes for sale in March 2024, a 15.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 17 | +21.4% |
3 Bedrooms | 32 | 40 | +25.0% |
4 Bedrooms | 16 | 15 | -6.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Randolph County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Randolph County in March 2024, up by 30.0% month-over-month. Of the 13 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.
Days on Market for Randolph County, IL
How long does it take to sell a home in Randolph County, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
111 Days | 102 Days | -8.5% |
Summary: Homes in Randolph County had an average of 102 days on market in Mar 2024, down by 8.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Randolph County; 15% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 54% of homes were sold over 90 days.