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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodford County is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

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

+$31,177(+16.9%)

Key Takeaway

Homes in Woodford County have sold for 16.9% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $120.9K$58K
-52.0%
2 $97.9K$128.7K
+31.5%
3 $170K$190.7K
+12.2%
4 $249.9K$295K
+18.0%
5+ $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
+16.9%
McLean County
+12.5%
Tazewell County
+10.1%
Peoria County
+3.9%
Marshall County
+1.4%

Housing Supply in Woodford County, IL

How many homes are available in Woodford County, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4748+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 66
0.0%
3 2422
-8.3%
4 912
+33.3%
5+ 88
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 2024Mar 2024CHANGE
616+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodford County, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
65 Days58 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 25 Days Ago

Newest Listings in Woodford County, IL

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