Is Dixon, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dixon is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Dixon, IL

How much do homes in Dixon, IL cost?

Median Sold Price

$157,000

$108/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,000(+1.3%)

Key Takeaway

Homes in Dixon have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in Dixon was $157,000 in October 2024, up 1.3% from last year, and the median price per square foot was $108.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $140K$77.5K
-44.6%
2 $120K$130.5K
+8.8%
3 $165K$163.9K
-0.6%
4 $149.2K$200K
+34.0%
5+ $211.2K$168.5K
-20.2%

Summary: Dixon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.6%, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 34%, and 5+ bedroom homes decreased by 20.2%.

Median Sold Price Compared To Nearby Cities

Dixon
+1.3%
Dixon Township
+1.3%

Housing Supply in Dixon, IL

How many homes are available in Dixon, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7169-2.8%

Summary: The Dixon real estate market had 69 homes for sale in October 2024, a 2.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 1816
-11.1%
3 3534
-2.9%
4 1616
0.0%
5+ 13
+200.0%

Summary: The Dixon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1721+23.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dixon, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in Dixon in October 2024, up by 23.5% month-over-month. Of the 21 sold homes, 48% were sold under asking, 0% were sold at asking, and 52% were sold over asking.

Days on Market for Dixon, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
51 Days23 Days-53.5%

Summary: Homes in Dixon had an average of 23 days on market in Oct 2024, down by 53.5% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 21 homes were sold in Dixon; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% 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 16 Days Ago

Newest Listings in Dixon, IL

Nearby Markets to Dixon, IL

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