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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Logan County is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Logan County, IL

How much do homes in Logan County, IL cost?

Median Sold Price

$122,950

$88/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,950(+11.8%)

Key Takeaway

Homes in Logan County have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in Logan County was $122,950 in October 2024, up 11.8% from last year, and the median price per square foot was $88.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $35K$28.7K
-17.9%
2 $78.5K$87.2K
+11.1%
3 $121.2K$136.5K
+12.6%
4 $172.8K$162K
-6.3%
5+ $210K$206K
-1.9%

Summary: Logan County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.9%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 1.9%.

Median Sold Price Compared To Nearby Counties

Menard County
+14.7%
Logan County
+11.8%
Sangamon County
+11.0%
De Witt County
+4.2%

Housing Supply in Logan County, IL

How many homes are available in Logan County, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
106112+5.7%

Summary: The Logan County real estate market had 112 homes for sale in October 2024, a 5.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 2430
+25.0%
3 5052
+4.0%
4 2222
0.0%
5+ 75
-28.6%

Summary: The Logan 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 increased by 25%, 3 bedroom homes increased by 4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2236+63.6%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Logan County, you may be able to get a good deal. 36.1% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in Logan County in October 2024, up by 63.6% month-over-month. Of the 36 sold homes, 36% were sold under asking, 33% were sold at asking, and 31% were sold over asking.

Days on Market for Logan County, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days21 Days-17.1%

Summary: Homes in Logan County had an average of 21 days on market in Oct 2024, down by 17.1% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 36 homes were sold in Logan County; 78% of homes were sold within 30 days, 14% 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 20 Days Ago

Newest Listings in Logan County, IL

Nearby Markets to Logan County, IL

What housing markets are near Logan County, IL?