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 November 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

$159,066

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$3,433(-2.1%)

Key Takeaway

Homes in Dixon have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in Dixon was $159,066 in November 2024, down 2.1% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $122.5K$68.7K
-43.9%
2 $120K$131.3K
+9.4%
3 $172K$161K
-6.4%
4 $160.5K$232K
+44.5%
5+ $234K$151.5K
-35.3%

Summary: Dixon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.9%, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 44.5%, and 5+ bedroom homes decreased by 35.3%.

Housing Supply in Dixon, IL

How many homes are available in Dixon, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6857-16.2%

Summary: The Dixon real estate market had 57 homes for sale in November 2024, a 16.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1612
-25.0%
3 3228
-12.5%
4 1713
-23.5%
5+ 34
+33.3%

Summary: The Dixon 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 25%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2214-36.4%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dixon, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Dixon in November 2024, down by 36.4% month-over-month. Of the 14 sold homes, 71% were sold under asking, 21% were sold at asking, and 7% 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

Nov 2023Nov 2024CHANGE
50 Days37 Days-26.3%

Summary: Homes in Dixon had an average of 37 days on market in Nov 2024, down by 26.3% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 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 November 2024, 14 homes were sold in Dixon; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% 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 23 Days Ago

Newest Listings in Dixon, IL

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