Is Union County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Union County was a Seller's Market.
Housing Prices in Union County, IL
How much do homes in Union County, IL cost?
Median Sold Price
$133,500
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Union County was $133,500 in March 2024, up 21.4% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $13.4K | - | N/A |
2 Bedrooms | $60K | $72.4K | +20.7% |
3 Bedrooms | $133.7K | $149.5K | +11.8% |
4 Bedrooms | $167.5K | $206.7K | +23.4% |
5+ Bedrooms | $103K | $352.5K | +242.2% |
Summary: Union County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes increased by 242.2%.
Median Sold Price Compared To Nearby Counties
Johnson County | $143.7K | $198.5K | +38.1% |
Union County | $110K | $133.5K | +21.4% |
Jackson County | $124K | $129K | +4.0% |
Housing Supply in Union County, IL
How many homes are available in Union County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 58 | +9.4% |
Summary: The Union County real estate market had 58 homes for sale in March 2024, a 9.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 20 | 20 | 0.0% |
3 Bedrooms | 23 | 23 | 0.0% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Union County 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 4 | -55.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Union County in March 2024, down by 55.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Union County, IL
How long does it take to sell a home in Union County, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
86 Days | 5 Days | -93.3% |
Summary: Homes in Union County had an average of 5 days on market in Mar 2024, down by 93.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Union County; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.