$772 Closing Credit*
$65,000
Hope Williams, Listing Office: Keller Williams Pinnacle - MTV
Is Hamilton County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Hamilton County was a Seller's Market.
Key Takeaway
Hamilton County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hamilton County, IL
How much do homes in Hamilton County, IL cost?
Median Sold Price
$120,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,500(+6.7%)
Key Takeaway
Homes in Hamilton County have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Hamilton County was $120,000 in October 2024, up 6.7% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | - | N/A |
| 2 Bedrooms | $60K | $76K | +26.7% |
| 3 Bedrooms | $115K | $119.2K | +3.7% |
| 4 Bedrooms | $167K | $231.5K | +38.6% |
| 5+ Bedrooms | - | $185K | N/A |
Summary: Hamilton County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 38.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Hamilton County | $112.5K | $120K | +6.7% |
| Saline County | $81.2K | $84K | +3.4% |
| Franklin County | $89.5K | $90K | +0.6% |
| White County | $95K | $88.7K | -6.6% |
Housing Supply in Hamilton County, IL
How many homes are available in Hamilton County, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Hamilton County real estate market had 15 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Hamilton 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hamilton County, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Hamilton County in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Hamilton County, IL
How long does it take to sell a home in Hamilton County, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 2 Days | -44.4% |
Summary: Homes in Hamilton County had an average of 2 days on market in Oct 2024, down by 44.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hamilton County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Hamilton County; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.