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 October 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

$182,922

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,120(+11.0%)

Key Takeaway

Homes in Sangamon County have sold for 11% more than they did a year ago.

Summary: The median home sold price in Sangamon County was $182,922 in October 2024, up 11% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $46.5K$50K
+7.5%
2 $95K$109.9K
+15.8%
3 $165.5K$183.2K
+10.6%
4 $270.2K$289.3K
+7.1%
5+ $425K$445K
+4.7%

Summary: Sangamon County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 4.7%.

Median Sold Price Compared To Nearby Counties

Christian County
+16.4%
Menard County
+14.7%
Logan County
+11.8%
Sangamon County
+11.0%

Housing Supply in Sangamon County, IL

How many homes are available in Sangamon County, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
659591-10.3%

Summary: The Sangamon County real estate market had 591 homes for sale in October 2024, a 10.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 139
-30.8%
2 128129
+0.8%
3 302246
-18.5%
4 157153
-2.5%
5+ 5954
-8.5%

Summary: The Sangamon County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30.8%, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 8.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
228199-12.7%

Asking Price vs. Sold Price

95 Homes Were Sold
Under Asking

44 Homes Were Sold
At Asking

60 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. 47.7% of homes here sold below asking price last month.

Summary: A total of 199 homes were sold or pending in Sangamon County in October 2024, down by 12.7% month-over-month. Of the 199 sold homes, 48% were sold under asking, 22% 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

Oct 2023Oct 2024CHANGE
13 Days20 Days+51.5%

Summary: Homes in Sangamon County had an average of 20 days on market in Oct 2024, up by 51.5% compared to last year.

Breakdown of Home Sale Times

157 Homes Were Sold
Under 30 Days

32 Homes Were Sold
In 30 - 90 Days

10 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 October 2024, 199 homes were sold in Sangamon County; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% 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 16 Days Ago

Newest Listings in Sangamon County, IL

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