Is Tuscola, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tuscola is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Tuscola was a Seller's Market.

Key Takeaway

Tuscola is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Tuscola, IL

How much do homes in Tuscola, IL cost?

Median Sold Price

$148,000

$111/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$10,000(+7.2%)

Key Takeaway

Homes in Tuscola have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in Tuscola was $148,000 in March 2024, up 7.2% from last year, and the median price per square foot was $111.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $71.2K$85.5K
+20.1%
2 $121K$115K
-5.0%
3 $140K$149K
+6.4%
4 $160K$217K
+35.6%
5+ $91.2K$158.7K
+74.0%

Summary: Tuscola housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.1%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 35.6%, and 5+ bedroom homes increased by 74%.

Median Sold Price Compared To Nearby Cities

Tuscola
+7.2%
Tuscola Township
+5.7%

Housing Supply in Tuscola, IL

How many homes are available in Tuscola, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1113+18.2%

Summary: The Tuscola real estate market had 13 homes for sale in March 2024, a 18.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 88
0.0%
4 01
+100.0%
5+ 11
0.0%

Summary: The Tuscola 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tuscola, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Tuscola in March 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Tuscola, IL

How long does it take to sell a home in Tuscola, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
51 Days70 Days+34.9%

Summary: Homes in Tuscola had an average of 70 days on market in Mar 2024, up by 34.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tuscola has remained consistent over time.

Summary: During March 2024, 1 homes were sold in Tuscola; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 Tuscola, IL

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What housing markets are near Tuscola, IL?