Is Sangamon 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, Sangamon County has remained a Seller's Market.
Housing Prices in Sangamon County, IL
How much do homes in Sangamon County, IL cost?
Median Sold Price
$173,500
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sangamon County was $173,500 in May 2024, up 6.8% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47.9K | $41.5K | -13.5% |
2 Bedrooms | $94.6K | $104.5K | +10.5% |
3 Bedrooms | $165K | $173.8K | +5.4% |
4 Bedrooms | $280K | $270K | -3.6% |
5+ Bedrooms | $400K | $440K | +10.0% |
Summary: Sangamon County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.5%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Counties
Menard County | $150K | $165K | +10.0% |
Christian County | $110K | $120K | +9.1% |
Sangamon County | $162.4K | $173.5K | +6.8% |
Logan County | $114.3K | $112.1K | -1.9% |
Housing Supply in Sangamon County, IL
How many homes are available in Sangamon County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
668 | 650 | -2.7% |
Summary: The Sangamon County real estate market had 650 homes for sale in May 2024, a 2.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 10 | 0.0% |
2 Bedrooms | 153 | 145 | -5.2% |
3 Bedrooms | 320 | 292 | -8.8% |
4 Bedrooms | 142 | 151 | +6.3% |
5+ Bedrooms | 43 | 52 | +20.9% |
Summary: The Sangamon 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 decreased by 5.2%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 20.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
194 | 238 | +22.7% |
Asking Price vs. Sold Price
95 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
106 Homes Were Sold
Over Asking
Summary: A total of 238 homes were sold or pending in Sangamon County in May 2024, up by 22.7% month-over-month. Of the 238 sold homes, 40% were sold under asking, 16% were sold at asking, and 45% were sold over asking.
Days on Market for Sangamon County, IL
How long does it take to sell a home in Sangamon County, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 17 Days | -4.4% |
Summary: Homes in Sangamon County had an average of 17 days on market in May 2024, down by 4.4% compared to last year.
Breakdown of Home Sale Times
203 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During May 2024, 238 homes were sold in Sangamon County; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.