Is Woodford 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, Woodford County has remained a Seller's Market.
Housing Prices in Woodford County, IL
How much do homes in Woodford County, IL cost?
Median Sold Price
$219,250
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Woodford County was $219,250 in April 2024, up 18.5% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $123.9K | $147K | +18.6% |
2 Bedrooms | $98.9K | $128.5K | +29.9% |
3 Bedrooms | $170K | $193K | +13.5% |
4 Bedrooms | $257.5K | $292.5K | +13.6% |
5+ Bedrooms | $317.7K | $413K | +30.0% |
Summary: Woodford County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.6%, 2 bedroom homes increased by 29.9%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 30%.
Median Sold Price Compared To Nearby Counties
Woodford County | $185K | $219.2K | +18.5% |
McLean County | $209.9K | $230.8K | +10.0% |
Tazewell County | $148.1K | $160K | +8.0% |
Peoria County | $130K | $134.9K | +3.8% |
Marshall County | $127.2K | $126.2K | -0.8% |
Housing Supply in Woodford County, IL
How many homes are available in Woodford County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 55 | +1.9% |
Summary: The Woodford County real estate market had 55 homes for sale in April 2024, a 1.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 3 | -50.0% |
3 Bedrooms | 26 | 28 | +7.7% |
4 Bedrooms | 15 | 20 | +33.3% |
5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The Woodford 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 decreased by 50%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 22 | +29.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Woodford County in April 2024, up by 29.4% month-over-month. Of the 22 sold homes, 55% were sold under asking, 14% were sold at asking, and 32% were sold over asking.
Days on Market for Woodford County, IL
How long does it take to sell a home in Woodford County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 28 Days | -34.6% |
Summary: Homes in Woodford County had an average of 28 days on market in Apr 2024, down by 34.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Woodford County; 68% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.