Is Randolph 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, Randolph County was a Seller's Market.
Housing Prices in Randolph County, IL
How much do homes in Randolph County, IL cost?
Median Sold Price
$135,000
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Randolph County was $135,000 in May 2024, up 8% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119.5K | $51K | -57.3% |
2 Bedrooms | $89.9K | $88.5K | -1.6% |
3 Bedrooms | $134.7K | $140K | +3.9% |
4 Bedrooms | $150K | $230K | +53.3% |
5+ Bedrooms | $199.2K | $220K | +10.4% |
Summary: Randolph County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.3%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 53.3%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Counties
Jackson County | $121K | $132.5K | +9.5% |
Randolph County | $125K | $135K | +8.0% |
Monroe County | $292.9K | $307.1K | +4.8% |
Housing Supply in Randolph County, IL
How many homes are available in Randolph County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
70 | 81 | +15.7% |
Summary: The Randolph County real estate market had 81 homes for sale in May 2024, a 15.7% 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 | 12 | 17 | +41.7% |
3 Bedrooms | 38 | 45 | +18.4% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Randolph 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 41.7%, 3 bedroom homes increased by 18.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Randolph County in May 2024, down by 20.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.
Days on Market for Randolph County, IL
How long does it take to sell a home in Randolph County, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
62 Days | 65 Days | +5.1% |
Summary: Homes in Randolph County had an average of 65 days on market in May 2024, up by 5.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Randolph County; 17% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.