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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fulton is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Fulton, IL

How much do homes in Fulton, IL cost?

Median Sold Price

$142,500

$97/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$12,600(+9.7%)

Key Takeaway

Homes in Fulton have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in Fulton was $142,500 in May 2024, up 9.7% from last year, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $51K$87.5K
+71.6%
2 $113.6K$127.5K
+12.2%
3 $156.9K$145.2K
-7.5%
4 $130.5K$200K
+53.3%
5+ $192.5K-
N/A

Summary: Fulton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.6%, 2 bedroom homes increased by 12.2%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 53.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Fulton
+9.7%
Fulton Township
+9.7%

Housing Supply in Fulton, IL

How many homes are available in Fulton, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2118-14.3%

Summary: The Fulton real estate market had 18 homes for sale in May 2024, a 14.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 117
-36.4%
4 55
0.0%
5+ 00
0.0%

Summary: The Fulton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fulton, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Fulton in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for Fulton, IL

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

Average Sale Time

May 2023May 2024CHANGE
8 Days39 Days+396.4%

Summary: Homes in Fulton had an average of 39 days on market in May 2024, up by 396.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 7 homes were sold in Fulton; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 2 Days Ago

Newest Listings in Fulton, IL

Nearby Markets to Fulton, IL

What housing markets are near Fulton, IL?