Is Tazewell County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tazewell County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Tazewell County has remained a Seller's Market.

Key Takeaway

Tazewell County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$14,677(+10.1%)

Key Takeaway

Homes in Tazewell County have sold for 10.1% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $53.9K$40K
-25.9%
2 $94.1K$98K
+4.0%
3 $142.9K$159.7K
+11.7%
4 $215.2K$231K
+7.3%
5+ $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
+16.9%
Mason County
+13.9%
Tazewell County
+10.1%
Peoria County
+3.9%
Logan County
+0.9%

Housing Supply in Tazewell County, IL

How many homes are available in Tazewell County, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
330346+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

# BEDSFeb 2024Mar 2024CHANGE
1 68
+33.3%
2 7269
-4.2%
3 146167
+14.4%
4 7878
0.0%
5+ 2824
-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 2024Mar 2024CHANGE
97107+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tazewell County, you may be able to get a good deal. 45.3% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
29 Days29 Days0.4%

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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 24 Days Ago

Newest Listings in Tazewell County, IL

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