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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Randolph County is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Randolph County was a Seller's Market.

Key Takeaway

Randolph 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 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

+$10,000(+8.0%)

Key Takeaway

Homes in Randolph County have sold for 8% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $119.5K$51K
-57.3%
2 $89.9K$88.5K
-1.6%
3 $134.7K$140K
+3.9%
4 $150K$230K
+53.3%
5+ $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
+9.5%
Randolph County
+8.0%
Monroe County
+4.8%

Housing Supply in Randolph County, IL

How many homes are available in Randolph County, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7081+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1217
+41.7%
3 3845
+18.4%
4 1616
0.0%
5+ 43
-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 2024May 2024CHANGE
1512-20.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Randolph County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

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 2023May 2024CHANGE
62 Days65 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Randolph County has remained consistent over time.

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.

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 Randolph County, IL

Nearby Markets to Randolph County, IL

What housing markets are near Randolph County, IL?