Is Piatt County, 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, Piatt County has remained a Seller's Market.
Housing Prices in Piatt County, IL
How much do homes in Piatt County, IL cost?
Median Sold Price
$224,900
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Piatt County was $224,900 in April 2024, up 24.9% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $79.2K | -41.3% |
2 Bedrooms | $113K | $140.4K | +24.3% |
3 Bedrooms | $179.9K | $234.5K | +30.3% |
4 Bedrooms | $297.5K | $305K | +2.5% |
5+ Bedrooms | $375K | $79.7K | -78.7% |
Summary: Piatt County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.3%, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 30.3%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 78.7%.
Median Sold Price Compared To Nearby Counties
Piatt County | $180K | $224.9K | +24.9% |
De Witt County | $118.2K | $138.5K | +17.1% |
Champaign County | $189.5K | $215.1K | +13.5% |
Douglas County | $133K | $135K | +1.5% |
Housing Supply in Piatt County, IL
How many homes are available in Piatt County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 53 | +15.2% |
Summary: The Piatt County real estate market had 53 homes for sale in April 2024, a 15.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 24 | 27 | +12.5% |
4 Bedrooms | 9 | 13 | +44.4% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Piatt County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 13 | +62.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Piatt County in April 2024, up by 62.5% month-over-month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for Piatt County, IL
How long does it take to sell a home in Piatt County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
105 Days | 23 Days | -78.1% |
Summary: Homes in Piatt County had an average of 23 days on market in Apr 2024, down by 78.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Piatt County; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.