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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Adams County is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Adams County, IL

How much do homes in Adams County, IL cost?

Median Sold Price

$162,000

$97/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,012(+5.9%)

Key Takeaway

Homes in Adams County have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Adams County was $162,000 in October 2024, up 5.9% from last year, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $59.9K$81.2K
+35.6%
2 $120.9K$119K
-1.6%
3 $155.1K$169K
+9.0%
4 $197.5K$234.2K
+18.6%
5+ $350.9K$330K
-6.0%

Summary: Adams County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.6%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes decreased by 6%.

Median Sold Price Compared To Nearby Counties

Pike County
+37.9%
Adams County
+5.9%

Housing Supply in Adams County, IL

How many homes are available in Adams County, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
193216+11.9%

Summary: The Adams County real estate market had 216 homes for sale in October 2024, a 11.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 68
+33.3%
2 4249
+16.7%
3 9298
+6.5%
4 3445
+32.4%
5+ 1916
-15.8%

Summary: The Adams County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes decreased by 15.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4559+31.1%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Adams County, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.

Summary: A total of 59 homes were sold or pending in Adams County in October 2024, up by 31.1% month-over-month. Of the 59 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.

Days on Market for Adams County, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days23 Days-47.3%

Summary: Homes in Adams County had an average of 23 days on market in Oct 2024, down by 47.3% compared to last year.

Breakdown of Home Sale Times

45 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 59 homes were sold in Adams County; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% 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 20 Days Ago

Newest Listings in Adams County, IL

Nearby Markets to Adams County, IL

What housing markets are near Adams County, IL?