$1,093 Closing Credit*
$92,000
2 Beds
•1 Full Bath
Listing Office: Mtz Realty Services
Is Illiopolis, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Illiopolis has remained a Seller's Market.
Key Takeaway
Illiopolis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Illiopolis, IL
How much do homes in Illiopolis, IL cost?
Median Sold Price
$113,750
$71/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,750(+33.8%)
Key Takeaway
Homes in Illiopolis have sold for 33.8% more than they did a year ago.
Summary: The median home sold price in Illiopolis was $113,750 in November 2024, up 33.8% from last year, and the median price per square foot was $71.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $72K | $68.9K | -4.2% |
| 3 Bedrooms | $85K | $127.4K | +49.9% |
| 4 Bedrooms | $215K | $134.5K | -37.4% |
| 5+ Bedrooms | $45K | - | N/A |
Summary: Illiopolis housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 49.9%, 4 bedroom homes decreased by 37.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Illiopolis Township | $85K | $134.5K | +58.2% |
| Illiopolis | $85K | $113.7K | +33.8% |
Housing Supply in Illiopolis, IL
How many homes are available in Illiopolis, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The Illiopolis real estate market had 4 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Illiopolis 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Illiopolis, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Illiopolis in November 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Illiopolis, IL
How long does it take to sell a home in Illiopolis, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 6 Days | -18.8% |
Summary: Homes in Illiopolis had an average of 6 days on market in Nov 2024, down by 18.8% 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 Illiopolis are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Illiopolis; 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.