$2,363 Closing Credit*
$199,000
3,084 SqFt
7 Beds
•2 Full Baths, 1 Partial
Listing Office: PCRE Real Estate & Auction Inc
Is Pike County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Pike County was a Neutral Market.
Key Takeaway
Pike County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pike County, IL
How much do homes in Pike County, IL cost?
Median Sold Price
$120,000
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,000(+37.9%)
Key Takeaway
Homes in Pike County have sold for 37.9% more than they did a year ago.
Summary: The median home sold price in Pike County was $120,000 in October 2024, up 37.9% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $38.5K | - | N/A |
| 2 Bedrooms | $61.2K | $89.5K | +46.1% |
| 3 Bedrooms | $107.5K | $111.2K | +3.5% |
| 4 Bedrooms | $500K | $175K | -65.0% |
| 5+ Bedrooms | $412K | $349K | -15.3% |
Summary: Pike County 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 increased by 46.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 65%, and 5+ bedroom homes decreased by 15.3%.
Median Sold Price Compared To Nearby Counties
| Pike County | $87K | $120K | +37.9% |
| Adams County | $152.9K | $162K | +5.9% |
Housing Supply in Pike County, IL
How many homes are available in Pike County, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Summary: The Pike County real estate market had 24 homes for sale in October 2024, a 11.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 19 | 14 | -26.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Pike County 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 increased by 40%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pike County, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Pike County in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 89 Days | 69 Days | -22.1% |
Summary: Homes in Pike County had an average of 69 days on market in Oct 2024, down by 22.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pike County has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Pike County; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.