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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Williamson County is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Williamson County, IL

How much do homes in Williamson County, IL cost?

Median Sold Price

$164,402

$101/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$17,940(+12.2%)

Key Takeaway

Homes in Williamson County have sold for 12.2% more than they did a year ago.

Summary: The median home sold price in Williamson County was $164,402 in May 2024, up 12.2% from last year, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $41.2K$45K
+9.1%
2 $70K$79K
+12.9%
3 $157K$169K
+7.6%
4 $259.9K$269.4K
+3.7%
5+ $357K$427.5K
+19.7%

Summary: Williamson County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 19.7%.

Median Sold Price Compared To Nearby Counties

Johnson County
+25.2%
Williamson County
+12.2%
Union County
+6.9%
Saline County
-3.6%
Franklin County
-8.0%

Housing Supply in Williamson County, IL

How many homes are available in Williamson County, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
274301+9.9%

Summary: The Williamson County real estate market had 301 homes for sale in May 2024, a 9.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 6162
+1.6%
3 150168
+12.0%
4 4655
+19.6%
5+ 1514
-6.7%

Summary: The Williamson 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 1.6%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5568+23.6%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Williamson County, you may be able to get a good deal. 51.5% of homes here sold below asking price last month.

Summary: A total of 68 homes were sold or pending in Williamson County in May 2024, up by 23.6% month-over-month. Of the 68 sold homes, 51% were sold under asking, 16% were sold at asking, and 32% were sold over asking.

Days on Market for Williamson County, IL

How long does it take to sell a home in Williamson County, IL?

Average Sale Time

May 2023May 2024CHANGE
33 Days39 Days+19.7%

Summary: Homes in Williamson County had an average of 39 days on market in May 2024, up by 19.7% compared to last year.

Breakdown of Home Sale Times

45 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 68 homes were sold in Williamson County; 66% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 16% 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 Williamson County, IL

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