Is Warren 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, Warren County was a Seller's Market.
Key Takeaway
Warren County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Warren County, IL
How much do homes in Warren County, IL cost?
Median Sold Price
$74,900
$59/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Warren County have sold for 19.5% less than they did a year ago.
Summary: The median home sold price in Warren County was $74,900 in March 2024, down 19.5% from last year, and the median price per square foot was $59.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $39.5K | -53.5% |
| 2 Bedrooms | $58.5K | $58K | -0.9% |
| 3 Bedrooms | $93K | $84.9K | -8.7% |
| 4 Bedrooms | $145.5K | $95K | -34.7% |
| 5+ Bedrooms | $129.5K | $285.1K | +120.2% |
Summary: Warren County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.5%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 34.7%, and 5+ bedroom homes increased by 120.2%.
Median Sold Price Compared To Nearby Counties
| Mercer County | $114.4K | $135.4K | +18.3% |
| Knox County | $97.7K | $109.9K | +12.6% |
| McDonough County | $84.9K | $90K | +6.0% |
| Warren County | $93K | $74.9K | -19.5% |
Housing Supply in Warren County, IL
How many homes are available in Warren County, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 30 | +7.1% |
Summary: The Warren County real estate market had 30 homes for sale in March 2024, a 7.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Warren 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 increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warren County, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Warren County in March 2024, up by 100.0% 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 Warren County, IL
How long does it take to sell a home in Warren County, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 103 Days | 227 Days | +120.9% |
Summary: Homes in Warren County had an average of 227 days on market in Mar 2024, up by 120.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Warren County has remained consistent over time.
Summary: During March 2024, 4 homes were sold in Warren County; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.