$534 Closing Credit*
$44,999
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Re/Max Alliance
Is Litchfield, 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, 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
$110,000
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$6,000(-5.2%)
Key Takeaway
Homes in Litchfield have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Litchfield was $110,000 in November 2024, down 5.2% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $47K | $90K | +91.5% |
| 2 Bedrooms | $83.7K | $84.5K | +0.9% |
| 3 Bedrooms | $130K | $128K | -1.5% |
| 4 Bedrooms | $204K | $150K | -26.5% |
| 5+ Bedrooms | $223.4K | $275K | +23.1% |
Summary: Litchfield housing prices by bedroom type for November 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 1.5%, 4 bedroom homes decreased by 26.5%, and 5+ bedroom homes increased by 23.1%.
Median Sold Price Compared To Nearby Cities
| South Litchfield Township | $86K | $85.5K | -0.6% |
| Litchfield | $116K | $110K | -5.2% |
| North Litchfield Township | $155K | $129K | -16.8% |
Housing Supply in Litchfield, IL
How many homes are available in Litchfield, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 35 | -2.8% |
Summary: The Litchfield real estate market had 35 homes for sale in November 2024, a 2.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Litchfield 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 increased by 10%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Litchfield, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Litchfield in November 2024, up by 10.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 155 Days | +165.3% |
Summary: Homes in Litchfield had an average of 155 days on market in Nov 2024, up by 165.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Litchfield has remained consistent over time.
Summary: During November 2024, 11 homes were sold in Litchfield; 0% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.