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 October 2021

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.

How much do homes in Tazewell County, IL cost?

Median Sold Price

$145,087

$89/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$5,529(+4.0%)

Key Takeaway

Homes in Tazewell County have sold for 4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $39.2K$43K
+9.6%
2 $80K$91.4K
+14.2%
3 $137.7K$140.8K
+2.3%
4 $200K$225K
+12.5%
5+ $282.2K$299.9K
+6.3%

Median Sold Price Compared To Nearby Counties

Logan County
+11.5%
Mason County
+7.7%
Peoria County
+5.8%
Tazewell County
+4.0%
Woodford County
+1.9%

How many homes are available in Tazewell County, IL?

Number of Homes For Sale

Sep 2022Oct 2022%
565519-8.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 411
+175.0%
2 122112
-8.2%
3 244230
-5.7%
4 151125
-17.2%
5+ 4441
-6.8%

Number of Homes Sold

Sep 2022Oct 2022%
184176-4.3%

Asking Price vs. Sold Price

102 Homes Were Sold
Under Asking

38 Homes Were Sold
At Asking

36 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. 58% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
26 Days22 Days-12.9%

Breakdown of Home Sale Times

131 Homes Were Sold
Under 30 Days

36 Homes Were Sold
In 30 - 90 Days

9 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.

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

About Tazewell County, IL

Tazewell County, IL has 519 homes for sale to choose from. The number of homes for sale in Tazewell County, IL decreased by 8.1% between September 2022 and October 2022. Listings spent 22 days on the market in October 2022, and had a median list price of $145,087 during the same period. Real estate listing prices changed between September 2022 and October 2022: the cost of 1 bedroom properties went up by 9.6%, 2 bedrooms properties became 14.2% more expensive, 3 bedrooms properties became 2.3% more expensive, 4 bedrooms properties became 12.5% more expensive, prices of 5 bedrooms properties went up by 6.3%. Volume of homes for sale changed: the quantity of 1 bedroom homes went up by 175%, 2 bedrooms homes became 8.2% less available, the quantity of 3 bedrooms homes went down by 5.7%, 4 bedrooms homes became 17.2% less available, 5 bedrooms homes became 6.8% less available. While more than 36 listings in Tazewell County, IL in October 2022 were sold above asking price, there were more than 38 listings sold at asking price, and more than 102 were sold below.

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