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 September 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

$151,500

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$13,050(+9.4%)

Key Takeaway

Homes in Tuscola have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Tuscola was $151,500 in September 2024, up 9.4% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $50.2K$83K
+65.2%
2 $115K$139.9K
+21.7%
3 $144.5K$153K
+5.9%
4 $210K$174.5K
-16.9%
5+ $139K$312.2K
+124.6%

Summary: Tuscola housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65.2%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes increased by 124.6%.

Median Sold Price Compared To Nearby Cities

Tuscola
+9.4%
Tuscola Township
+8.3%

Housing Supply in Tuscola, IL

How many homes are available in Tuscola, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2319-17.4%

Summary: The Tuscola real estate market had 19 homes for sale in September 2024, a 17.4% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 1211
-8.3%
4 54
-20.0%
5+ 11
0.0%

Summary: The Tuscola housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
72-71.4%

Asking Price vs. Sold Price

2 Homes Were 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 2 homes were sold or pending in Tuscola in September 2024, down by 71.4% month-over-month. Of the 2 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

Sep 2023Sep 2024CHANGE
26 Days54 Days+102.7%

Summary: Homes in Tuscola had an average of 54 days on market in Sep 2024, up by 102.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

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

Summary: During September 2024, 2 homes were sold in Tuscola; 50% of homes were sold within 30 days, 50% 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 5 Days Ago

Newest Listings in Tuscola, IL

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