$3,739 Closing Credit*
$314,900
2,530 SqFt
4 Beds
•2 Full Baths
Rich Gillespie, Listing Office: Re/Max Traders Unlimited
Is Chillicothe, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$168,500
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,050(+5.0%)
Key Takeaway
Homes in Chillicothe have sold for 5% more than they did a year ago.
Summary: The median home sold price in Chillicothe was $168,500 in October 2024, up 5% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50.5K | $40K | -20.8% |
| 2 Bedrooms | $88K | $103K | +17.0% |
| 3 Bedrooms | $156.4K | $159.7K | +2.1% |
| 4 Bedrooms | $220K | $237K | +7.7% |
| 5+ Bedrooms | $288.5K | $289.2K | 0.3% |
Summary: Chillicothe housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.8%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
| Chillicothe Township | $154.9K | $172K | +11.0% |
| Chillicothe | $160.4K | $168.5K | +5.0% |
Housing Supply in Chillicothe, IL
How many homes are available in Chillicothe, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 38 | +15.2% |
Summary: The Chillicothe real estate market had 38 homes for sale in October 2024, a 15.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 24 | 25 | +4.2% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Chillicothe housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 150%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chillicothe, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Chillicothe in October 2024, up by 75.0% month-over-month. Of the 14 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 10 Days | -7.3% |
Summary: Homes in Chillicothe had an average of 10 days on market in Oct 2024, down by 7.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 14 homes were sold in Chillicothe; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.