Is Washington County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington County is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Washington County has remained a Seller's Market.

Key Takeaway

Washington County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$4,750(+3.4%)

Key Takeaway

Homes in Washington County have sold for 3.4% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $45.4K$117.5K
+158.8%
2 $100.6K$99K
-1.6%
3 $162K$150K
-7.4%
4 $163K$230K
+41.1%
5+ $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
+14.0%
Jefferson County
+12.0%
Washington County
+3.4%
Saint Clair County
+2.6%
Perry County
-11.4%

Housing Supply in Washington County, IL

How many homes are available in Washington County, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2221-4.5%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1111
0.0%
4 54
-20.0%
5+ 33
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 2024Feb 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington County, you could pay more than the asking price. 60% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
117 Days65 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Washington County, IL

Nearby Markets to Washington County, IL

What housing markets are near Washington County, IL?