$383,600
56.00 Acres
Land
Toby Stay, Listing Office: LandGuys, LLC of Illinois
Is Pike County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Pike County was a Seller's Market.
Key Takeaway
Pike 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 Pike County, IL
How much do homes in Pike County, IL cost?
Median Sold Price
$146,000
$63/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$64,000(+78.0%)
Key Takeaway
Homes in Pike County have sold for 78% more than they did a month ago.
Summary: The median home sold price in Pike County was $146,000 in November 2024, up 78% from last month, and the median price per square foot was $63.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $80K | $12.6K | -84.3% |
| 3 Bedrooms | $116K | $146K | +25.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Pike County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 84.3%, 3 bedroom homes increased by 25.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Pike County | $82K | $146K | +78.0% |
| Greene County | $100K | $119.9K | +20.0% |
| Brown County | $164K | $180K | +9.8% |
Housing Supply in Pike County, IL
How many homes are available in Pike County, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Summary: The Pike County real estate market had 21 homes for sale in November 2024, a 8.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 13 | 9 | -30.8% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Pike County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 30.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pike County, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Pike County in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Pike County, IL
How long does it take to sell a home in Pike County, IL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 Days | 92 Days | +33.1% |
Summary: Homes in Pike County had an average of 92 days on market in Nov 2024, up by 33.1% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pike County has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Pike County; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.