Is Washington County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Washington County has remained a Seller's Market.
Housing Prices in Washington County, IL
How much do homes in Washington County, IL cost?
Median Sold Price
$145,000
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Washington County was $145,000 in February 2024, up 3.4% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45.4K | $117.5K | +158.8% |
2 Bedrooms | $100.6K | $99K | -1.6% |
3 Bedrooms | $162K | $150K | -7.4% |
4 Bedrooms | $163K | $230K | +41.1% |
5+ Bedrooms | $270K | $190K | -29.6% |
Summary: Washington County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 158.8%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 41.1%, and 5+ bedroom homes decreased by 29.6%.
Median Sold Price Compared To Nearby Counties
Clinton County | $175K | $199.5K | +14.0% |
Jefferson County | $125K | $140K | +12.0% |
Washington County | $140.2K | $145K | +3.4% |
Saint Clair County | $189.9K | $194.9K | +2.6% |
Perry County | $105K | $93K | -11.4% |
Housing Supply in Washington County, IL
How many homes are available in Washington County, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
22 | 21 | -4.5% |
Summary: The Washington County real estate market had 21 homes for sale in February 2024, a 4.5% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Washington County housing inventory by bedroom type for February 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 decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Washington County in February 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Washington County, IL
How long does it take to sell a home in Washington County, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
117 Days | 65 Days | -44.5% |
Summary: Homes in Washington County had an average of 65 days on market in Feb 2024, down by 44.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Washington County; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.