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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Iroquois County is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Iroquois County, IL

How much do homes in Iroquois County, IL cost?

Median Sold Price

$135,000

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,000(+10.7%)

Key Takeaway

Homes in Iroquois County have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in Iroquois County was $135,000 in October 2024, up 10.7% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $55K$63.9K
+16.3%
2 $85K$103.7K
+22.0%
3 $127K$140K
+10.2%
4 $137.4K$149.4K
+8.8%
5+ $212.5K$136.7K
-35.6%

Summary: Iroquois County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 35.6%.

Median Sold Price Compared To Nearby Counties

Kankakee County
+10.8%
Iroquois County
+10.7%

Housing Supply in Iroquois County, IL

How many homes are available in Iroquois County, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
130133+2.3%

Summary: The Iroquois County real estate market had 133 homes for sale in October 2024, a 2.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 2623
-11.5%
3 6672
+9.1%
4 3030
0.0%
5+ 66
0.0%

Summary: The Iroquois 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 decreased by 11.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
26260.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Iroquois County, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Iroquois County in October 2024, the same as the previous month. Of the 26 sold homes, 58% were sold under asking, 19% were sold at asking, and 23% were sold over asking.

Days on Market for Iroquois County, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days31 Days+9.3%

Summary: Homes in Iroquois County had an average of 31 days on market in Oct 2024, up by 9.3% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Iroquois County has remained consistent over time.

Summary: During October 2024, 26 homes were sold in Iroquois County; 46% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 4% 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 23 Days Ago

Newest Listings in Iroquois County, IL

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