Is Taylorville, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Taylorville has remained a Seller's Market.
Key Takeaway
Taylorville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Taylorville, IL
How much do homes in Taylorville, IL cost?
Median Sold Price
$125,000
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Taylorville have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in Taylorville was $125,000 in May 2024, up 13.6% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $38K | $48.5K | +27.6% |
| 2 Bedrooms | $74.9K | $85K | +13.5% |
| 3 Bedrooms | $115K | $146.5K | +27.4% |
| 4 Bedrooms | $163K | $179.9K | +10.4% |
| 5+ Bedrooms | $225K | $141.9K | -36.9% |
Summary: Taylorville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.6%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 27.4%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 36.9%.
Median Sold Price Compared To Nearby Cities
| Taylorville | $110K | $125K | +13.6% |
| Taylorville Township | $110.1K | $125K | +13.5% |
Housing Supply in Taylorville, IL
How many homes are available in Taylorville, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 36 | -23.4% |
Summary: The Taylorville real estate market had 36 homes for sale in May 2024, a 23.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 6 | -40.0% |
| 3 Bedrooms | 26 | 18 | -30.8% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Taylorville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Taylorville, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Taylorville in May 2024, the same as the previous month. Of the 15 sold homes, 47% were sold under asking, 13% were sold at asking, and 40% were sold over asking.
Days on Market for Taylorville, IL
How long does it take to sell a home in Taylorville, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 20 Days | -20.9% |
Summary: Homes in Taylorville had an average of 20 days on market in May 2024, down by 20.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Taylorville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Taylorville; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.