Is Bond County, 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, Bond County has remained a Seller's Market.
Key Takeaway
Bond County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bond County, IL
How much do homes in Bond County, IL cost?
Median Sold Price
$145,000
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bond County have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Bond County was $145,000 in May 2024, up 1.8% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $84K | $73K | -13.1% |
| 2 Bedrooms | $78K | $105K | +34.6% |
| 3 Bedrooms | $154K | $162.4K | +5.5% |
| 4 Bedrooms | $209K | $208K | -0.5% |
| 5+ Bedrooms | $173.2K | $236K | +36.2% |
Summary: Bond County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.1%, 2 bedroom homes increased by 34.6%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 36.2%.
Median Sold Price Compared To Nearby Counties
| Fayette County | $111.5K | $120K | +7.6% |
| Montgomery County | $91.5K | $97.5K | +6.6% |
| Madison County | $167.2K | $176.6K | +5.6% |
| Clinton County | $180.6K | $189.3K | +4.8% |
| Bond County | $142.5K | $145K | +1.8% |
Housing Supply in Bond County, IL
How many homes are available in Bond County, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 62 | +26.5% |
Summary: The Bond County real estate market had 62 homes for sale in May 2024, a 26.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 27 | 32 | +18.5% |
| 4 Bedrooms | 4 | 10 | +150.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Bond County 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 increased by 18.2%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 19 | +216.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bond County, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Bond County in May 2024, up by 216.7% month-over-month. Of the 19 sold homes, 63% were sold under asking, 11% were sold at asking, and 26% were sold over asking.
Days on Market for Bond County, IL
How long does it take to sell a home in Bond County, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 82 Days | 82 Days | -0.3% |
Summary: Homes in Bond County had an average of 82 days on market in May 2024, down by 0.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bond County has remained consistent over time.
Summary: During May 2024, 19 homes were sold in Bond County; 26% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.