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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Randolph County is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Randolph County, IL

How much do homes in Randolph County, IL cost?

Median Sold Price

$137,000

$92/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,500(+7.5%)

Key Takeaway

Homes in Randolph County have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Randolph County was $137,000 in November 2024, up 7.5% from last year, and the median price per square foot was $92.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $61K$91K
+49.2%
2 $76.7K$118.5K
+54.4%
3 $140K$141.5K
+1.1%
4 $190K$181.5K
-4.5%
5+ $185K$220K
+18.9%

Summary: Randolph County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.2%, 2 bedroom homes increased by 54.4%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 18.9%.

Median Sold Price Compared To Nearby Counties

Jackson County
+17.9%
Randolph County
+7.5%
Monroe County
+5.8%

Housing Supply in Randolph County, IL

How many homes are available in Randolph County, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8481-3.6%

Summary: The Randolph County real estate market had 81 homes for sale in November 2024, a 3.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 1817
-5.6%
3 4039
-2.5%
4 1919
0.0%
5+ 43
-25.0%

Summary: The Randolph 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 decreased by 5.6%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2219-13.6%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Randolph County, you may be able to get a good deal. 78.9% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Randolph County in November 2024, down by 13.6% month-over-month. Of the 19 sold homes, 79% were sold under asking, 16% were sold at asking, and 5% were sold over asking.

Days on Market for Randolph County, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
73 Days75 Days+3.9%

Summary: Homes in Randolph County had an average of 75 days on market in Nov 2024, up by 3.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Randolph County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 19 homes were sold in Randolph County; 32% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 42% 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 20 Days Ago

Newest Listings in Randolph County, IL

Nearby Markets to Randolph County, IL

What housing markets are near Randolph County, IL?