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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tazewell County is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Tazewell County, IL

How much do homes in Tazewell County, IL cost?

Median Sold Price

$174,232

$104/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,190(+13.8%)

Key Takeaway

Homes in Tazewell County have sold for 13.8% more than they did a year ago.

Summary: The median home sold price in Tazewell County was $174,232 in November 2024, up 13.8% from last year, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $47.5K$38.5K
-18.9%
2 $97.7K$103.4K
+5.8%
3 $149.9K$173.6K
+15.8%
4 $220.1K$253.3K
+15.1%
5+ $365K$382.5K
+4.8%

Summary: Tazewell County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.9%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 4.8%.

Median Sold Price Compared To Nearby Counties

Logan County
+15.4%
Tazewell County
+13.8%
Peoria County
+6.8%
Mason County
+1.2%
Woodford County
-2.3%

Housing Supply in Tazewell County, IL

How many homes are available in Tazewell County, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
465432-7.1%

Summary: The Tazewell County real estate market had 432 homes for sale in November 2024, a 7.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 113
-72.7%
2 8690
+4.7%
3 220212
-3.6%
4 112101
-9.8%
5+ 3626
-27.8%

Summary: The Tazewell County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 72.7%, 2 bedroom homes increased by 4.7%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes decreased by 27.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
141150+6.4%

Asking Price vs. Sold Price

71 Homes Were Sold
Under Asking

34 Homes Were Sold
At Asking

45 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tazewell County, you may be able to get a good deal. 47.3% of homes here sold below asking price last month.

Summary: A total of 150 homes were sold or pending in Tazewell County in November 2024, up by 6.4% month-over-month. Of the 150 sold homes, 47% were sold under asking, 23% were sold at asking, and 30% were sold over asking.

Days on Market for Tazewell County, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days19 Days+3.7%

Summary: Homes in Tazewell County had an average of 19 days on market in Nov 2024, up by 3.7% compared to last year.

Breakdown of Home Sale Times

120 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 150 homes were sold in Tazewell County; 80% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% 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

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