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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fulton County is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Fulton County, IL

How much do homes in Fulton County, IL cost?

Median Sold Price

$105,166

$71/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,750(+13.8%)

Key Takeaway

Homes in Fulton County have sold for 13.8% more than they did a year ago.

Summary: The median home sold price in Fulton County was $105,166 in October 2024, up 13.8% from last year, and the median price per square foot was $71.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $46.9K$51K
+8.7%
2 $75K$69.9K
-6.8%
3 $99K$135K
+36.4%
4 $150K$145K
-3.3%
5+ $149K$127.5K
-14.4%

Summary: Fulton County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 14.4%.

Median Sold Price Compared To Nearby Counties

McDonough County
+14.8%
Fulton County
+13.8%
Peoria County
+6.1%
Mason County
+2.3%
Knox County
-2.4%

Housing Supply in Fulton County, IL

How many homes are available in Fulton County, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
108129+19.4%

Summary: The Fulton County real estate market had 129 homes for sale in October 2024, a 19.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 3439
+14.7%
3 4962
+26.5%
4 2124
+14.3%
5+ 33
0.0%

Summary: The Fulton County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2427+12.5%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fulton County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Fulton County in October 2024, up by 12.5% month-over-month. Of the 27 sold homes, 67% were sold under asking, 19% were sold at asking, and 15% were sold over asking.

Days on Market for Fulton County, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days44 Days+0.7%

Summary: Homes in Fulton County had an average of 44 days on market in Oct 2024, up by 0.7% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 27 homes were sold in Fulton County; 52% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 19% 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 20 Days Ago

Newest Listings in Fulton County, IL

Nearby Markets to Fulton County, IL

What housing markets are near Fulton County, IL?