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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Edgar County is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Edgar County, IL

How much do homes in Edgar County, IL cost?

Median Sold Price

$89,000

$61/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$2,000(+2.3%)

Key Takeaway

Homes in Edgar County have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Edgar County was $89,000 in November 2024, up 2.3% from last year, and the median price per square foot was $61.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $33K$32.5K
-1.5%
2 $65.5K$70K
+6.9%
3 $87.5K$107K
+22.3%
4 $149.9K$132K
-11.9%
5+ $127.5K$320K
+151.0%

Summary: Edgar County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 22.3%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes increased by 151%.

Median Sold Price Compared To Nearby Counties

Vermillion County
+45.6%
Vigo County
+14.5%
Clark County
+14.0%
Coles County
+7.3%
Edgar County
+2.3%

Housing Supply in Edgar County, IL

How many homes are available in Edgar County, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6260-3.2%

Summary: The Edgar County real estate market had 60 homes for sale in November 2024, a 3.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 1614
-12.5%
3 3031
+3.3%
4 119
-18.2%
5+ 44
0.0%

Summary: The Edgar County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1311-15.4%

Asking Price vs. Sold Price

7 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 Edgar County, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Edgar County in November 2024, down by 15.4% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.

Days on Market for Edgar County, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
35 Days31 Days-12.2%

Summary: Homes in Edgar County had an average of 31 days on market in Nov 2024, down by 12.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 11 homes were sold in Edgar County; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% 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 22 Days Ago

Newest Listings in Edgar County, IL

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