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 November 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

$99,900

$66/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in Macomb has remained the same since last year.

Summary: The median home sold price in Macomb was $99,900 in November 2024, the same as last year, and the median price per square foot was $66.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $55K$36.7K
-33.2%
2 $69.4K$79.5K
+14.6%
3 $107K$100K
-6.5%
4 $165K$161K
-2.4%
5+ $167K$183K
+9.6%

Summary: Macomb housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.2%, 2 bedroom homes increased by 14.6%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 9.6%.

Median Sold Price Compared To Nearby Cities

Emmet Township
+3.9%
Macomb City Township
+1.9%
Macomb
0.0%

Housing Supply in Macomb, IL

How many homes are available in Macomb, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9394+1.1%

Summary: The Macomb real estate market had 94 homes for sale in November 2024, a 1.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 2525
0.0%
3 4445
+2.3%
4 1818
0.0%
5+ 55
0.0%

Summary: The Macomb 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 remained the same, 3 bedroom homes increased by 2.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
713+85.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was 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. 91.7% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Macomb in November 2024, up by 85.7% month-over-month. Of the 12 sold homes, 92% were sold under asking, 8% 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

Nov 2023Nov 2024CHANGE
39 Days75 Days+87.9%

Summary: Homes in Macomb had an average of 75 days on market in Nov 2024, up by 87.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 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 November 2024, 13 homes were sold in Macomb; 46% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 31% 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 21 Days Ago

Newest Listings in Macomb, IL

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