Is Sangamon County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sangamon County has remained a Seller's Market.
Housing Prices in Sangamon County, IL
How much do homes in Sangamon County, IL cost?
Median Sold Price
$170,075
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sangamon County was $170,075 in April 2024, up 3.9% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $48.8K | $41.5K | -15.0% |
2 Bedrooms | $95.5K | $100K | +4.6% |
3 Bedrooms | $165K | $170.3K | +3.2% |
4 Bedrooms | $276.8K | $269.9K | -2.5% |
5+ Bedrooms | $400K | $433K | +8.3% |
Summary: Sangamon County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Counties
Christian County | $102.2K | $120K | +17.4% |
Menard County | $149.7K | $165K | +10.2% |
Sangamon County | $163.6K | $170K | +3.9% |
Logan County | $115K | $113K | -1.7% |
Housing Supply in Sangamon County, IL
How many homes are available in Sangamon County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
590 | 647 | +9.7% |
Summary: The Sangamon County real estate market had 647 homes for sale in April 2024, a 9.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 11 | +22.2% |
2 Bedrooms | 136 | 151 | +11.0% |
3 Bedrooms | 282 | 312 | +10.6% |
4 Bedrooms | 118 | 131 | +11.0% |
5+ Bedrooms | 45 | 42 | -6.7% |
Summary: The Sangamon County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
186 | 189 | +1.6% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
83 Homes Were Sold
Over Asking
Summary: A total of 189 homes were sold or pending in Sangamon County in April 2024, up by 1.6% month-over-month. Of the 189 sold homes, 37% were sold under asking, 20% were sold at asking, and 44% were sold over asking.
Days on Market for Sangamon County, IL
How long does it take to sell a home in Sangamon County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 16 Days | +5.8% |
Summary: Homes in Sangamon County had an average of 16 days on market in Apr 2024, up by 5.8% compared to last year.
Breakdown of Home Sale Times
163 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 189 homes were sold in Sangamon County; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.