$1,780 Closing Credit*
$149,900
3 Beds
•1 Full Bath
Listing Office: Cisler & Assoc Real Estate
Is Litchfield, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Litchfield has remained a Seller's Market.
Key Takeaway
Litchfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Litchfield, IL
How much do homes in Litchfield, IL cost?
Median Sold Price
$122,500
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$5,500(+4.7%)
Key Takeaway
Homes in Litchfield have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Litchfield was $122,500 in December 2024, up 4.7% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $47K | $90K | +91.5% |
| 2 Bedrooms | $84.5K | $85.2K | +0.9% |
| 3 Bedrooms | $130K | $127.2K | -2.1% |
| 4 Bedrooms | $225K | $157.5K | -30.0% |
| 5+ Bedrooms | $223.4K | $275K | +23.1% |
Summary: Litchfield housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 91.5%, 2 bedroom homes increased by 0.9%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 23.1%.
Median Sold Price Compared To Nearby Cities
| Litchfield | $117K | $122.5K | +4.7% |
| North Litchfield Township | $150K | $128K | -14.7% |
Housing Supply in Litchfield, IL
How many homes are available in Litchfield, IL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 34 | 32 | -5.9% |
Summary: The Litchfield real estate market had 32 homes for sale in December 2024, a 5.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Litchfield housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Litchfield, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Litchfield in December 2024, down by 45.5% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Litchfield, IL
How long does it take to sell a home in Litchfield, IL?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 73 Days | 80 Days | +9.9% |
Summary: Homes in Litchfield had an average of 80 days on market in Dec 2024, up by 9.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Litchfield has remained consistent over time.
Summary: During December 2024, 6 homes were sold in Litchfield; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.