Is Tazewell 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, Tazewell County has remained a Seller's Market.
Housing Prices in Tazewell County, IL
How much do homes in Tazewell County, IL cost?
Median Sold Price
$159,722
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tazewell County was $159,722 in March 2024, up 10.1% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $53.9K | $40K | -25.9% |
2 Bedrooms | $94.1K | $98K | +4.0% |
3 Bedrooms | $142.9K | $159.7K | +11.7% |
4 Bedrooms | $215.2K | $231K | +7.3% |
5+ Bedrooms | $292K | $383.2K | +31.2% |
Summary: Tazewell County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.9%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 31.2%.
Median Sold Price Compared To Nearby Counties
Woodford County | $184.4K | $215.6K | +16.9% |
Mason County | $79K | $90K | +13.9% |
Tazewell County | $145K | $159.7K | +10.1% |
Peoria County | $129.8K | $134.8K | +3.9% |
Logan County | $113K | $113.9K | +0.9% |
Housing Supply in Tazewell County, IL
How many homes are available in Tazewell County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
330 | 346 | +4.8% |
Summary: The Tazewell County real estate market had 346 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 8 | +33.3% |
2 Bedrooms | 72 | 69 | -4.2% |
3 Bedrooms | 146 | 167 | +14.4% |
4 Bedrooms | 78 | 78 | 0.0% |
5+ Bedrooms | 28 | 24 | -14.3% |
Summary: The Tazewell County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 14.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
97 | 107 | +10.3% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 107 homes were sold or pending in Tazewell County in March 2024, up by 10.3% month-over-month. Of the 106 sold homes, 45% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Tazewell County, IL
How long does it take to sell a home in Tazewell County, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 29 Days | 0.4% |
Summary: Homes in Tazewell County had an average of 29 days on market in Mar 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
79 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During March 2024, 107 homes were sold in Tazewell County; 74% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.