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 Last Month

Since last month, 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

$142,000

$114/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$25,000(-15.0%)

Key Takeaway

Homes in Dixon have sold for 15% less than they did a month ago.

Summary: The median home sold price in Dixon was $142,000 in October 2024, down 15% from last month, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $60K-
N/A
2 $142K$131K
-7.7%
3 $167K$151.7K
-9.1%
4 $316K$235K
-25.6%
5+ --
N/A

Summary: Dixon housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 25.6%, and 5+ bedroom homes did not change.

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

Sep 2024Oct 2024CHANGE
14 Days23 Days+62.9%

Summary: Homes in Dixon had an average of 23 days on market in Oct 2024, up by 62.9% compared to last month.

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 21 Days Ago

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