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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Perry County is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Perry County was a Seller's Market.

Key Takeaway

Perry County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Perry County, IL

How much do homes in Perry County, IL cost?

Median Sold Price

$100,000

$72/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,050(+5.3%)

Key Takeaway

Homes in Perry County have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Perry County was $100,000 in November 2024, up 5.3% from last year, and the median price per square foot was $72.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $35K$36K
+2.9%
2 $75.2K$66.9K
-11.1%
3 $105K$129.9K
+23.8%
4 $174.9K$207.4K
+18.6%
5+ $125K$154K
+23.2%

Summary: Perry County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 23.2%.

Median Sold Price Compared To Nearby Counties

Washington County
+19.6%
Jackson County
+17.9%
Perry County
+5.3%
Franklin County
+1.2%
Jefferson County
-0.4%

Housing Supply in Perry County, IL

How many homes are available in Perry County, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6963-8.7%

Summary: The Perry County real estate market had 63 homes for sale in November 2024, a 8.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 2123
+9.5%
3 3630
-16.7%
4 97
-22.2%
5+ 22
0.0%

Summary: The Perry 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 increased by 9.5%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Perry County, you may be able to get a good deal. 90% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Perry County in November 2024, down by 16.7% month-over-month. Of the 10 sold homes, 90% were sold under asking, 0% were sold at asking, and 10% were sold over asking.

Days on Market for Perry County, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
45 Days84 Days+83.7%

Summary: Homes in Perry County had an average of 84 days on market in Nov 2024, up by 83.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Perry County has remained consistent over time.

Summary: During November 2024, 10 homes were sold in Perry County; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% 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 Perry County, IL

Nearby Markets to Perry County, IL

What housing markets are near Perry County, IL?