Is Perry County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Perry County was a Seller's Market.
Key Takeaway
Perry County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Perry County, IL
How much do homes in Perry County, IL cost?
Median Sold Price
$99,950
$70/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Perry County have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Perry County was $99,950 in May 2024, up 5.2% from last year, and the median price per square foot was $70.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $35K | $20.5K | -41.4% |
| 2 Bedrooms | $64.5K | $78K | +20.9% |
| 3 Bedrooms | $118.5K | $111K | -6.3% |
| 4 Bedrooms | $161.2K | $204.9K | +27.1% |
| 5+ Bedrooms | $118.5K | $208.5K | +75.9% |
Summary: Perry County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.4%, 2 bedroom homes increased by 20.9%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 27.1%, and 5+ bedroom homes increased by 75.9%.
Median Sold Price Compared To Nearby Counties
| Washington County | $133K | $150K | +12.8% |
| Jefferson County | $124.7K | $140K | +12.3% |
| Jackson County | $121K | $132.5K | +9.5% |
| Perry County | $95K | $99.9K | +5.2% |
| Franklin County | $92.5K | $85K | -8.0% |
Housing Supply in Perry County, IL
How many homes are available in Perry County, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 71 | 69 | -2.8% |
Summary: The Perry County real estate market had 69 homes for sale in May 2024, a 2.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 22 | 20 | -9.1% |
| 3 Bedrooms | 37 | 35 | -5.4% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Perry County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 10 | -41.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Perry County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Perry County in May 2024, down by 41.2% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Perry County, IL
How long does it take to sell a home in Perry County, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 52 Days | 104 Days | +97.6% |
Summary: Homes in Perry County had an average of 104 days on market in May 2024, up by 97.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Perry County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 10 homes were sold in Perry County; 20% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.