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 October 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

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,345(-2.0%)

Key Takeaway

Homes in Woodford County have sold for 2% less than they did a year ago.

Summary: The median home sold price in Woodford County was $210,987 in October 2024, down 2% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $135.5K$58K
-57.2%
2 $129K$129K
0.0%
3 $195.2K$194K
-0.7%
4 $299.9K$247.5K
-17.5%
5+ $377.4K$380K
+0.7%

Summary: Woodford County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.2%, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Counties

Tazewell County
+12.6%
McLean County
+9.5%
Peoria County
+6.1%
Marshall County
+5.3%
Woodford County
-2.0%

Housing Supply in Woodford County, IL

How many homes are available in Woodford County, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9694-2.1%

Summary: The Woodford County real estate market had 94 homes for sale in October 2024, a 2.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 1212
0.0%
3 4739
-17.0%
4 2733
+22.2%
5+ 109
-10.0%

Summary: The Woodford County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 17%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2535+40.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

10 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. 42.9% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in Woodford County in October 2024, up by 40.0% month-over-month. Of the 35 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% 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

Oct 2023Oct 2024CHANGE
19 Days28 Days+45.3%

Summary: Homes in Woodford County had an average of 28 days on market in Oct 2024, up by 45.3% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were 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 October 2024, 35 homes were sold in Woodford County; 80% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 9% 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 Woodford County, IL

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