Is Logan County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Logan County has remained a Seller's Market.
Housing Prices in Logan County, IL
How much do homes in Logan County, IL cost?
Median Sold Price
$112,166
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Logan County was $112,166 in May 2024, down 1.9% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $21.5K | $61K | +183.7% |
2 Bedrooms | $77.7K | $77.6K | -0.2% |
3 Bedrooms | $127.7K | $130K | +1.8% |
4 Bedrooms | $169.9K | $150K | -11.7% |
5+ Bedrooms | $277.5K | $207.5K | -25.2% |
Summary: Logan County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 183.7%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes decreased by 25.2%.
Median Sold Price Compared To Nearby Counties
Menard County | $150K | $165K | +10.0% |
Sangamon County | $162.4K | $173.5K | +6.8% |
De Witt County | $128.5K | $137K | +6.6% |
Logan County | $114.3K | $112.1K | -1.9% |
Housing Supply in Logan County, IL
How many homes are available in Logan County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
93 | 98 | +5.4% |
Summary: The Logan County real estate market had 98 homes for sale in May 2024, a 5.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 25 | 29 | +16.0% |
3 Bedrooms | 38 | 42 | +10.5% |
4 Bedrooms | 19 | 18 | -5.3% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Logan County 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 16%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 32 | +68.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Logan County in May 2024, up by 68.4% month-over-month. Of the 32 sold homes, 22% were sold under asking, 41% were sold at asking, and 38% were sold over asking.
Days on Market for Logan County, IL
How long does it take to sell a home in Logan County, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 35 Days | +38.9% |
Summary: Homes in Logan County had an average of 35 days on market in May 2024, up by 38.9% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 32 homes were sold in Logan County; 84% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.