$4,986 Closing Credit*
$419,900
3,094 SqFt
5 Beds
•3 Full Baths
Adam Merrick, Listing Office: Adam Merrick Real Estate
Is Chillicothe, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Chillicothe has remained a Seller's Market.
Key Takeaway
Chillicothe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chillicothe, IL
How much do homes in Chillicothe, IL cost?
Median Sold Price
$160,750
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,150(-1.3%)
Key Takeaway
Homes in Chillicothe have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Chillicothe was $160,750 in November 2024, down 1.3% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50.5K | $40K | -20.8% |
| 2 Bedrooms | $90K | $105.2K | +16.9% |
| 3 Bedrooms | $163.4K | $159.7K | -2.3% |
| 4 Bedrooms | $195K | $272.5K | +39.7% |
| 5+ Bedrooms | $192.5K | $289.2K | +50.3% |
Summary: Chillicothe housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.8%, 2 bedroom homes increased by 16.9%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 39.7%, and 5+ bedroom homes increased by 50.3%.
Median Sold Price Compared To Nearby Cities
| Chillicothe Township | $158.1K | $161.5K | +2.1% |
| Chillicothe | $162.9K | $160.7K | -1.3% |
Housing Supply in Chillicothe, IL
How many homes are available in Chillicothe, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 26 | -31.6% |
Summary: The Chillicothe real estate market had 26 homes for sale in November 2024, a 31.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 24 | 13 | -45.8% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Chillicothe housing inventory by bedroom type for November 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 45.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chillicothe, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Chillicothe in November 2024, down by 26.7% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Chillicothe, IL
How long does it take to sell a home in Chillicothe, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 40 Days | +48.1% |
Summary: Homes in Chillicothe had an average of 40 days on market in Nov 2024, up by 48.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chillicothe are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Chillicothe; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.