Is Iroquois 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, Iroquois County has remained a Seller's Market.
Housing Prices in Iroquois County, IL
How much do homes in Iroquois County, IL cost?
Median Sold Price
$129,983
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Iroquois County was $129,983 in May 2024, up 8.3% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $68.5K | +24.5% |
2 Bedrooms | $85.5K | $92.4K | +8.2% |
3 Bedrooms | $129.9K | $136K | +4.7% |
4 Bedrooms | $164K | $138K | -15.9% |
5+ Bedrooms | $173.5K | $225K | +29.7% |
Summary: Iroquois County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.5%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes increased by 29.7%.
Median Sold Price Compared To Nearby Counties
Kankakee County | $179.9K | $200.3K | +11.3% |
Iroquois County | $120K | $129.9K | +8.3% |
Housing Supply in Iroquois County, IL
How many homes are available in Iroquois County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
105 | 105 | 0.0% |
Summary: The Iroquois County real estate market had 105 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 20 | 20 | 0.0% |
3 Bedrooms | 57 | 58 | +1.8% |
4 Bedrooms | 22 | 22 | 0.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Iroquois 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 remained the same, 3 bedroom homes increased by 1.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 20 | -33.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Iroquois County in May 2024, down by 33.3% month-over-month. Of the 20 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Iroquois County, IL
How long does it take to sell a home in Iroquois County, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 43 Days | -5.4% |
Summary: Homes in Iroquois County had an average of 43 days on market in May 2024, down by 5.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Iroquois County; 65% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.