Is Chillicothe, 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, Chillicothe has remained a Seller's Market.
Key Takeaway
Chillicothe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chillicothe, IL
How much do homes in Chillicothe, IL cost?
Median Sold Price
$156,400
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chillicothe have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Chillicothe was $156,400 in May 2024, up 10.5% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $19K | $61K | +221.1% |
| 2 Bedrooms | $74.5K | $102.2K | +37.2% |
| 3 Bedrooms | $139.4K | $155K | +11.2% |
| 4 Bedrooms | $196.5K | $191.2K | -2.7% |
| 5+ Bedrooms | $192.5K | $273.7K | +42.2% |
Summary: Chillicothe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 221.1%, 2 bedroom homes increased by 37.2%, 3 bedroom homes increased by 11.2%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 42.2%.
Median Sold Price Compared To Nearby Cities
| Chillicothe Township | $140K | $155.7K | +11.2% |
| Chillicothe | $141.5K | $156.4K | +10.5% |
| Hallock Township | $328K | $268.5K | -18.1% |
Housing Supply in Chillicothe, IL
How many homes are available in Chillicothe, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 28 | -12.5% |
Summary: The Chillicothe real estate market had 28 homes for sale in May 2024, a 12.5% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 17 | 13 | -23.5% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Chillicothe 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 remained the same, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chillicothe, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Chillicothe in May 2024, down by 21.4% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Chillicothe, IL
How long does it take to sell a home in Chillicothe, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 16 Days | +36.4% |
Summary: Homes in Chillicothe had an average of 16 days on market in May 2024, up by 36.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chillicothe are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Chillicothe; 91% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.