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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Warren County is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Warren County was a Seller's Market.

Key Takeaway

Warren County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Warren County, IL

How much do homes in Warren County, IL cost?

Median Sold Price

$93,750

$137/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$8,750(+10.3%)

Key Takeaway

Homes in Warren County have sold for 10.3% more than they did a month ago.

Summary: The median home sold price in Warren County was $93,750 in October 2024, up 10.3% from last month, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $153.5K$115K
-25.1%
3 $85K-
N/A
4 -$72.5K
N/A
5+ $255K-
N/A

Summary: Warren County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.1%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Warren County, IL

How many homes are available in Warren County, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
26260.0%

Summary: The Warren County real estate market had 26 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 66
0.0%
3 1113
+18.2%
4 55
0.0%
5+ 20
-100.0%

Summary: The Warren County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 2 homes were sold or pending in Warren County in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Warren County, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
78 Days9 Days-88.5%

Summary: Homes in Warren County had an average of 9 days on market in Oct 2024, down by 88.5% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Warren County; 100% of homes were sold within 30 days, 0% 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 20 Days Ago

Newest Listings in Warren County, IL

Nearby Markets to Warren County, IL

What housing markets are near Warren County, IL?