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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cumberland County is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Cumberland County, IL

How much do homes in Cumberland County, IL cost?

Median Sold Price

$129,500

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$2,000(+1.6%)

Key Takeaway

Homes in Cumberland County have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Cumberland County was $129,500 in November 2024, up 1.6% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $40K$170K
+325.0%
2 $100K$108K
+8.0%
3 $145K$125K
-13.8%
4 $201K$380K
+89.1%
5+ --
N/A

Summary: Cumberland County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 325%, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes increased by 89.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Clark County
+14.0%
Coles County
+7.3%
Effingham County
+3.1%
Cumberland County
+1.6%
Jasper County
+0.9%

Housing Supply in Cumberland County, IL

How many homes are available in Cumberland County, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2514-44.0%

Summary: The Cumberland County real estate market had 14 homes for sale in November 2024, a 44.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 52
-60.0%
3 129
-25.0%
4 72
-71.4%
5+ 11
0.0%

Summary: The Cumberland County 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 decreased by 60%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 71.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
115-54.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cumberland County, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Cumberland County in November 2024, down by 54.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.

Days on Market for Cumberland County, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days24 Days-13.7%

Summary: Homes in Cumberland County had an average of 24 days on market in Nov 2024, down by 13.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Cumberland County; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 11 Days Ago

Newest Listings in Cumberland County, IL

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