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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Macon County is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Macon County, IL

How much do homes in Macon County, IL cost?

Median Sold Price

$132,074

$77/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,118(+6.5%)

Key Takeaway

Homes in Macon County have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Macon County was $132,074 in November 2024, up 6.5% from last year, and the median price per square foot was $77.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $45K$48.2K
+7.2%
2 $64.9K$58.4K
-10.1%
3 $125K$134.9K
+8.0%
4 $189K$182K
-3.7%
5+ $280K$275K
-1.8%

Summary: Macon County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 1.8%.

Median Sold Price Compared To Nearby Counties

Christian County
+24.5%
Moultrie County
+19.8%
Piatt County
+10.9%
Macon County
+6.5%
De Witt County
+5.4%

Housing Supply in Macon County, IL

How many homes are available in Macon County, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
385363-5.7%

Summary: The Macon County real estate market had 363 homes for sale in November 2024, a 5.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 31
-66.7%
2 6959
-14.5%
3 207202
-2.4%
4 7873
-6.4%
5+ 2828
0.0%

Summary: The Macon County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 14.5%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
98107+9.2%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Macon County, you may be able to get a good deal. 52.3% of homes here sold below asking price last month.

Summary: A total of 107 homes were sold or pending in Macon County in November 2024, up by 9.2% month-over-month. Of the 107 sold homes, 52% were sold under asking, 19% were sold at asking, and 29% were sold over asking.

Days on Market for Macon County, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days37 Days+60.8%

Summary: Homes in Macon County had an average of 37 days on market in Nov 2024, up by 60.8% compared to last year.

Breakdown of Home Sale Times

64 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 107 homes were sold in Macon County; 60% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% 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 Macon County, IL

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