Is Washington 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, Washington County has remained a Seller's Market.
Key Takeaway
Washington County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washington County, IL
How much do homes in Washington County, IL cost?
Median Sold Price
$150,000
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Washington County have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Washington County was $150,000 in May 2024, up 12.8% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45.4K | $117.5K | +158.8% |
| 2 Bedrooms | $96.2K | $119K | +23.6% |
| 3 Bedrooms | $144.5K | $148.5K | +2.8% |
| 4 Bedrooms | $160K | $230K | +43.8% |
| 5+ Bedrooms | $365K | $236.7K | -35.1% |
Summary: Washington County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 158.8%, 2 bedroom homes increased by 23.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes decreased by 35.1%.
Median Sold Price Compared To Nearby Counties
| Washington County | $133K | $150K | +12.8% |
| Jefferson County | $124.7K | $140K | +12.3% |
| Saint Clair County | $187.7K | $199.9K | +6.5% |
| Perry County | $95K | $99.9K | +5.2% |
| Clinton County | $180.6K | $189.3K | +4.8% |
Housing Supply in Washington County, IL
How many homes are available in Washington County, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Summary: The Washington County real estate market had 19 homes for sale in May 2024, a 17.4% decrease 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Washington 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 remained the same, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
3 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 Washington County, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Washington County in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Washington County, IL
How long does it take to sell a home in Washington County, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 56 Days | 47 Days | -16.8% |
Summary: Homes in Washington County had an average of 47 days on market in May 2024, down by 16.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Washington County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Washington County; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.