Is Macomb, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Macomb is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Macomb, IL

How much do homes in Macomb, IL cost?

Median Sold Price

$101,000

$69/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,000(+12.2%)

Key Takeaway

Homes in Macomb have sold for 12.2% more than they did a year ago.

Summary: The median home sold price in Macomb was $101,000 in October 2024, up 12.2% from last year, and the median price per square foot was $69.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $55K$36.7K
-33.2%
2 $67.9K$79.5K
+17.0%
3 $105K$101.2K
-3.6%
4 $135K$161K
+19.3%
5+ $143K$199.9K
+39.8%

Summary: Macomb housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.2%, 2 bedroom homes increased by 17%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 39.8%.

Median Sold Price Compared To Nearby Cities

Macomb
+12.2%
Macomb City Township
+11.8%

Housing Supply in Macomb, IL

How many homes are available in Macomb, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8992+3.4%

Summary: The Macomb real estate market had 92 homes for sale in October 2024, a 3.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 2325
+8.7%
3 4142
+2.4%
4 2019
-5.0%
5+ 55
0.0%

Summary: The Macomb housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
167-56.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Macomb, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Macomb in October 2024, down by 56.3% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Macomb, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
49 Days87 Days+76.5%

Summary: Homes in Macomb had an average of 87 days on market in Oct 2024, up by 76.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Macomb; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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 Macomb, IL

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