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 November 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

$143,500

$90/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,750(+8.9%)

Key Takeaway

Homes in Paxton have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Paxton was $143,500 in November 2024, up 8.9% from last year, and the median price per square foot was $90.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $55.7K-
N/A
2 $60K$80K
+33.3%
3 $137.5K$139K
+1.1%
4 $157.5K$170K
+7.9%
5+ $101K$196K
+94.1%

Summary: Paxton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 94.1%.

Median Sold Price Compared To Nearby Cities

Paxton
+8.9%
Patton Township
+7.8%

Housing Supply in Paxton, IL

How many homes are available in Paxton, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2016-20.0%

Summary: The Paxton real estate market had 16 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 41
-75.0%
3 1111
0.0%
4 43
-25.0%
5+ 11
0.0%

Summary: The Paxton 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 75%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

3 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 Paxton, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Paxton in November 2024, down by 62.5% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
37 Days21 Days-44.1%

Summary: Homes in Paxton had an average of 21 days on market in Nov 2024, down by 44.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was 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 November 2024, 3 homes were sold in Paxton; 67% of homes were sold within 30 days, 33% 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 17 Days Ago

Newest Listings in Paxton, IL

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