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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodford County is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Woodford County, IL

How much do homes in Woodford County, IL cost?

Median Sold Price

$210,987

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$5,012(-2.3%)

Key Takeaway

Homes in Woodford County have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in Woodford County was $210,987 in November 2024, down 2.3% from last year, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $135.5K$49K
-63.8%
2 $128.5K$129.9K
+1.1%
3 $195K$200K
+2.6%
4 $297.4K$246K
-17.3%
5+ $380K$355K
-6.6%

Summary: Woodford County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 63.8%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 17.3%, and 5+ bedroom homes decreased by 6.6%.

Median Sold Price Compared To Nearby Counties

Tazewell County
+13.8%
Marshall County
+9.8%
McLean County
+7.7%
Peoria County
+6.8%
Woodford County
-2.3%

Housing Supply in Woodford County, IL

How many homes are available in Woodford County, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9882-16.3%

Summary: The Woodford County real estate market had 82 homes for sale in November 2024, a 16.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 13
+200.0%
2 127
-41.7%
3 3935
-10.3%
4 3627
-25.0%
5+ 1010
0.0%

Summary: The Woodford County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 41.7%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3626-27.8%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodford County, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Woodford County in November 2024, down by 27.8% month-over-month. Of the 26 sold homes, 58% were sold under asking, 12% were sold at asking, and 31% were sold over asking.

Days on Market for Woodford County, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days18 Days-9.8%

Summary: Homes in Woodford County had an average of 18 days on market in Nov 2024, down by 9.8% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 26 homes were sold in Woodford County; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% 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 Woodford County, IL

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