Is Sangamon 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, Sangamon County has remained a Seller's Market.
Housing Prices in Sangamon County, IL
How much do homes in Sangamon County, IL cost?
Median Sold Price
$169,750
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sangamon County was $169,750 in March 2024, up 5.6% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $48.8K | $42.7K | -12.5% |
2 Bedrooms | $95.4K | $98.2K | +2.9% |
3 Bedrooms | $163.3K | $169.9K | +4.0% |
4 Bedrooms | $275K | $270K | -1.8% |
5+ Bedrooms | $399.4K | $436K | +9.2% |
Summary: Sangamon 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 increased by 2.9%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Counties
Christian County | $98.9K | $119K | +20.3% |
Sangamon County | $160.6K | $169.7K | +5.6% |
Logan County | $113K | $113.9K | +0.9% |
Menard County | $149.7K | $150K | 0.2% |
Housing Supply in Sangamon County, IL
How many homes are available in Sangamon County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
477 | 549 | +15.1% |
Summary: The Sangamon County real estate market had 549 homes for sale in March 2024, a 15.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 8 | -11.1% |
2 Bedrooms | 109 | 131 | +20.2% |
3 Bedrooms | 222 | 259 | +16.7% |
4 Bedrooms | 96 | 106 | +10.4% |
5+ Bedrooms | 41 | 45 | +9.8% |
Summary: The Sangamon County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 20.2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 9.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
127 | 181 | +42.5% |
Asking Price vs. Sold Price
89 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Summary: A total of 181 homes were sold or pending in Sangamon County in March 2024, up by 42.5% month-over-month. Of the 181 sold homes, 49% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Sangamon County, IL
How long does it take to sell a home in Sangamon County, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 22 Days | -2.4% |
Summary: Homes in Sangamon County had an average of 22 days on market in Mar 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
138 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 181 homes were sold in Sangamon County; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.