Is Marshall 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, Marshall County has remained a Seller's Market.
Housing Prices in Marshall County, IL
How much do homes in Marshall County, IL cost?
Median Sold Price
$128,750
$81/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marshall County was $128,750 in May 2024, up 3.4% from last year, and the median price per square foot was $81.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $68K | $32.9K | -51.6% |
2 Bedrooms | $94.9K | $83K | -12.6% |
3 Bedrooms | $127.2K | $130K | +2.2% |
4 Bedrooms | $170K | $146K | -14.1% |
5+ Bedrooms | $358.5K | $242.5K | -32.4% |
Summary: Marshall County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.6%, 2 bedroom homes decreased by 12.6%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 32.4%.
Median Sold Price Compared To Nearby Counties
Woodford County | $185K | $221.2K | +19.6% |
Marshall County | $124.5K | $128.7K | +3.4% |
Peoria County | $132K | $136K | +3.0% |
Bureau County | $125K | $127.5K | +2.0% |
Putnam County | $193K | $164.5K | -14.8% |
Housing Supply in Marshall County, IL
How many homes are available in Marshall County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 53 | +20.5% |
Summary: The Marshall County real estate market had 53 homes for sale in May 2024, a 20.5% increase 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 | 12 | +20.0% |
3 Bedrooms | 20 | 25 | +25.0% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Marshall 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 20%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 13 | +116.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Marshall County in May 2024, up by 116.7% month-over-month. Of the 13 sold homes, 85% were sold under asking, 8% were sold at asking, and 8% were sold over asking.
Days on Market for Marshall County, IL
How long does it take to sell a home in Marshall County, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
75 Days | 40 Days | -46.2% |
Summary: Homes in Marshall County had an average of 40 days on market in May 2024, down by 46.2% compared to last year.
Breakdown of Home Sale Times
6 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, 13 homes were sold in Marshall County; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.