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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Menard County is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Menard County, IL

How much do homes in Menard County, IL cost?

Median Sold Price

$172,000

$92/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,050(+14.7%)

Key Takeaway

Homes in Menard County have sold for 14.7% more than they did a year ago.

Summary: The median home sold price in Menard County was $172,000 in November 2024, up 14.7% from last year, and the median price per square foot was $92.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $65.5K$26.5K
-59.5%
2 $112.5K$96.4K
-14.3%
3 $166K$175K
+5.4%
4 $175K$255.4K
+46.0%
5+ $204.8K$168.9K
-17.5%

Summary: Menard County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.5%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 46%, and 5+ bedroom homes decreased by 17.5%.

Median Sold Price Compared To Nearby Counties

Logan County
+15.4%
Menard County
+14.7%
Sangamon County
+11.6%
Mason County
+1.2%

Housing Supply in Menard County, IL

How many homes are available in Menard County, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4236-14.3%

Summary: The Menard County real estate market had 36 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 76
-14.3%
3 2719
-29.6%
4 77
0.0%
5+ 03
+100.0%

Summary: The Menard County 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 decreased by 14.3%, 3 bedroom homes decreased by 29.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
138-38.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Menard County, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Menard County in November 2024, down by 38.5% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for Menard County, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days24 Days+18.5%

Summary: Homes in Menard County had an average of 24 days on market in Nov 2024, up by 18.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in Menard County; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% 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 Menard County, IL

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