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 buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Iroquois County was a Seller's Market.

Key Takeaway

Iroquois County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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 November 2023

+$11,375(+9.2%)

Key Takeaway

Homes in Iroquois County have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Iroquois County was $135,000 in November 2024, up 9.2% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $55K$63.9K
+16.3%
2 $89.9K$109.3K
+21.6%
3 $128K$135.5K
+5.9%
4 $133.4K$149.9K
+12.4%
5+ $255K$138.5K
-45.7%

Summary: Iroquois County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 45.7%.

Median Sold Price Compared To Nearby Counties

Kankakee County
+10.2%
Iroquois County
+9.2%
Vermilion County
+9.1%

Housing Supply in Iroquois County, IL

How many homes are available in Iroquois County, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
127110-13.4%

Summary: The Iroquois County real estate market had 110 homes for sale in November 2024, a 13.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 2317
-26.1%
3 7061
-12.9%
4 2726
-3.7%
5+ 55
0.0%

Summary: The Iroquois County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 26.1%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3012-60.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Iroquois County in November 2024, down by 60.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% 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

Nov 2023Nov 2024CHANGE
42 Days36 Days-14.6%

Summary: Homes in Iroquois County had an average of 36 days on market in Nov 2024, down by 14.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 12 homes were sold in Iroquois County; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% 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 25 Days Ago

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