Is Marshall County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marshall County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Marshall County has remained a Seller's Market.

Key Takeaway

Marshall County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$4,250(+3.4%)

Key Takeaway

Homes in Marshall County have sold for 3.4% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $68K$32.9K
-51.6%
2 $94.9K$83K
-12.6%
3 $127.2K$130K
+2.2%
4 $170K$146K
-14.1%
5+ $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
+19.6%
Marshall County
+3.4%
Peoria County
+3.0%
Bureau County
+2.0%
Putnam County
-14.8%

Housing Supply in Marshall County, IL

How many homes are available in Marshall County, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4453+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1012
+20.0%
3 2025
+25.0%
4 1012
+20.0%
5+ 44
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 2024May 2024CHANGE
613+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marshall County, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.

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 2023May 2024CHANGE
75 Days40 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Marshall County are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Marshall County, IL

Nearby Markets to Marshall County, IL

What housing markets are near Marshall County, IL?