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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Paxton is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Paxton, IL

How much do homes in Paxton, IL cost?

Median Sold Price

$140,275

$90/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,025(+7.7%)

Key Takeaway

Homes in Paxton have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Paxton was $140,275 in October 2024, up 7.7% from last year, and the median price per square foot was $90.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $55.7K-
N/A
2 $82.5K$70K
-15.2%
3 $135K$137.5K
+1.9%
4 $153.7K$196K
+27.5%
5+ $65K$155K
+138.5%

Summary: Paxton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.2%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes increased by 138.5%.

Median Sold Price Compared To Nearby Cities

Paxton
+7.7%
Patton Township
+6.7%

Housing Supply in Paxton, IL

How many homes are available in Paxton, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1820+11.1%

Summary: The Paxton real estate market had 20 homes for sale in October 2024, a 11.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 911
+22.2%
4 54
-20.0%
5+ 01
+100.0%

Summary: The Paxton 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 remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
28+300.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Paxton, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Paxton in October 2024, up by 300.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Paxton, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days19 Days-51.4%

Summary: Homes in Paxton had an average of 19 days on market in Oct 2024, down by 51.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 8 homes were sold in Paxton; 100% of homes were sold within 30 days, 0% 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 16 Days Ago

Newest Listings in Paxton, IL

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