Is Woodford County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Woodford County has remained a Seller's Market.
Housing Prices in Woodford County, IL
How much do homes in Woodford County, IL cost?
Median Sold Price
$215,615
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Woodford County was $215,615 in March 2024, up 16.9% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120.9K | $58K | -52.0% |
2 Bedrooms | $97.9K | $128.7K | +31.5% |
3 Bedrooms | $170K | $190.7K | +12.2% |
4 Bedrooms | $249.9K | $295K | +18.0% |
5+ Bedrooms | $320.5K | $413K | +28.9% |
Summary: Woodford County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52%, 2 bedroom homes increased by 31.5%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 28.9%.
Median Sold Price Compared To Nearby Counties
Woodford County | $184.4K | $215.6K | +16.9% |
McLean County | $205.6K | $231.3K | +12.5% |
Tazewell County | $145K | $159.7K | +10.1% |
Peoria County | $129.8K | $134.8K | +3.9% |
Marshall County | $127K | $128.7K | +1.4% |
Housing Supply in Woodford County, IL
How many homes are available in Woodford County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 48 | +2.1% |
Summary: The Woodford County real estate market had 48 homes for sale in March 2024, a 2.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 24 | 22 | -8.3% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Woodford 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 decreased by 8.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 16 | +166.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Woodford County in March 2024, up by 166.7% month-over-month. Of the 16 sold homes, 56% were sold under asking, 13% were sold at asking, and 31% were sold over asking.
Days on Market for Woodford County, IL
How long does it take to sell a home in Woodford County, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 58 Days | -11.4% |
Summary: Homes in Woodford County had an average of 58 days on market in Mar 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Woodford County; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.