Is Taylorville, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Taylorville is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Taylorville, IL

How much do homes in Taylorville, IL cost?

Median Sold Price

$128,000

$98/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,000(+9.4%)

Key Takeaway

Homes in Taylorville have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Taylorville was $128,000 in November 2024, up 9.4% from last year, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $35K$74.2K
+112.1%
2 $79.5K$85K
+6.9%
3 $134.2K$149.9K
+11.7%
4 $176.5K$178.4K
+1.1%
5+ $304.9K$255K
-16.4%

Summary: Taylorville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 112.1%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 16.4%.

Median Sold Price Compared To Nearby Cities

Taylorville
+9.4%
Taylorville Township
+7.6%

Housing Supply in Taylorville, IL

How many homes are available in Taylorville, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5949-16.9%

Summary: The Taylorville real estate market had 49 homes for sale in November 2024, a 16.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 2015
-25.0%
3 2823
-17.9%
4 77
0.0%
5+ 33
0.0%

Summary: The Taylorville 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 25%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Taylorville, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Taylorville in November 2024, down by 9.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.

Days on Market for Taylorville, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days40 Days+75.1%

Summary: Homes in Taylorville had an average of 40 days on market in Nov 2024, up by 75.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 10 homes were sold in Taylorville; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% 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 21 Days Ago

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