Is Herrin, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Herrin has remained a Seller's Market.
Housing Prices in Herrin, IL
How much do homes in Herrin, IL cost?
Median Sold Price
$113,000
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Herrin was $113,000 in April 2024, up 14.1% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $36.7K | $28K | -23.8% |
2 Bedrooms | $68K | $67K | -1.5% |
3 Bedrooms | $110.7K | $134K | +21.0% |
4 Bedrooms | $235K | $267K | +13.6% |
5+ Bedrooms | $195.7K | $362.5K | +85.2% |
Summary: Herrin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.8%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 85.2%.
Median Sold Price Compared To Nearby Cities
Herrin | $99K | $113K | +14.1% |
Carterville | $178.2K | $193.2K | +8.4% |
Blairsville | $125.7K | $110.2K | -12.3% |
Housing Supply in Herrin, IL
How many homes are available in Herrin, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 69 | +7.8% |
Summary: The Herrin real estate market had 69 homes for sale in April 2024, a 7.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 22 | 21 | -4.5% |
3 Bedrooms | 31 | 34 | +9.7% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Herrin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 14 | -6.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Herrin in April 2024, down by 6.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 36% were sold at asking, and 29% were sold over asking.
Days on Market for Herrin, IL
How long does it take to sell a home in Herrin, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 48 Days | +34.4% |
Summary: Homes in Herrin had an average of 48 days on market in Apr 2024, up by 34.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Herrin; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.