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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sangamon County is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Sangamon County, IL

How much do homes in Sangamon County, IL cost?

Median Sold Price

$184,076

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,087(+11.6%)

Key Takeaway

Homes in Sangamon County have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in Sangamon County was $184,076 in November 2024, up 11.6% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $43K$51.5K
+19.8%
2 $95K$110K
+15.8%
3 $166K$184.2K
+11.0%
4 $269.9K$283K
+4.8%
5+ $430K$450K
+4.7%

Summary: Sangamon County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.8%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 4.7%.

Median Sold Price Compared To Nearby Counties

Christian County
+24.5%
Logan County
+15.4%
Menard County
+14.7%
Sangamon County
+11.6%
Macon County
+6.5%

Housing Supply in Sangamon County, IL

How many homes are available in Sangamon County, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
626588-6.1%

Summary: The Sangamon County real estate market had 588 homes for sale in November 2024, a 6.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 911
+22.2%
2 135124
-8.1%
3 271272
0.4%
4 158133
-15.8%
5+ 5348
-9.4%

Summary: The Sangamon County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 9.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
209172-17.7%

Asking Price vs. Sold Price

80 Homes Were Sold
Under Asking

40 Homes Were Sold
At Asking

52 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sangamon County, you may be able to get a good deal. 46.5% of homes here sold below asking price last month.

Summary: A total of 172 homes were sold or pending in Sangamon County in November 2024, down by 17.7% month-over-month. Of the 172 sold homes, 47% were sold under asking, 23% were sold at asking, and 30% were sold over asking.

Days on Market for Sangamon County, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
11 Days16 Days+37.0%

Summary: Homes in Sangamon County had an average of 16 days on market in Nov 2024, up by 37% compared to last year.

Breakdown of Home Sale Times

145 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sangamon County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 172 homes were sold in Sangamon County; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% 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 Sangamon County, IL

Nearby Markets to Sangamon County, IL

What housing markets are near Sangamon County, IL?