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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tuscola is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Tuscola was a Seller's Market.

Key Takeaway

Tuscola is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Tuscola, IL

How much do homes in Tuscola, IL cost?

Median Sold Price

$157,000

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$17,100(+12.2%)

Key Takeaway

Homes in Tuscola have sold for 12.2% more than they did a year ago.

Summary: The median home sold price in Tuscola was $157,000 in November 2024, up 12.2% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $83K-
N/A
2 $117.2K$137.5K
+17.3%
3 $147K$170.7K
+16.1%
4 $210K$183K
-12.9%
5+ $139K$312.2K
+124.6%

Summary: Tuscola housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 16.1%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes increased by 124.6%.

Median Sold Price Compared To Nearby Cities

Tuscola
+12.2%
Tuscola Township
+12.2%

Housing Supply in Tuscola, IL

How many homes are available in Tuscola, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2325+8.7%

Summary: The Tuscola real estate market had 25 homes for sale in November 2024, a 8.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1517
+13.3%
4 43
-25.0%
5+ 11
0.0%

Summary: The Tuscola 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 increased by 33.3%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 4 homes were sold or pending in Tuscola in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Tuscola, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days18 Days-44.4%

Summary: Homes in Tuscola had an average of 18 days on market in Nov 2024, down by 44.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Tuscola; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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

Newest Listings in Tuscola, IL

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What housing markets are near Tuscola, IL?